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For each of the following depreciable assets, determine the missing amount. Abbreviations for depreciation methods are SL for straight line, SYD for sum-of-the-years-digits, and DDB
For each of the following depreciable assets, determine the missing amount. Abbreviations for depreciation methods are SL for straight line, SYD for sum-of-the-years-digits, and DDB for double-declining balance. (Do not round intermediate calculations. Round your final answers to nearest whole dollar.) Asset Cost Residual Value $ 40,000 Service Life Depreciation Depreciation (Years) Method (Year 2) 5 DDB $ 48,000 8 SYD 3,500 SL 7,000 101 24,000 7,000 30,000 105,000 270,000 220,000 30,000 40,000 E 150% DB
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