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FINANCIAL ACCOUNTING Page 6 SECTION 5 (30 points) Calculate the depreciation for the first and second years under each of the following methods. You must

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FINANCIAL ACCOUNTING Page 6 SECTION 5 (30 points) Calculate the depreciation for the first and second years under each of the following methods. You must show formulas and work Historical Cost Salvage Value Useful Life $50,000 $10,000 10 years A) Straight Line B) Double Declining Balance C) Sum of the Years Digits

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