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Johns hospital purhased a new item of equipment for $12,000 on Jan 1, 20x1. This equipment has an estimated useful life of 10 years and
Johns hospital purhased a new item of equipment for $12,000 on Jan 1, 20x1. This equipment has an estimated useful life of 10 years and an expected salvage value of 20%.
Calculate the annual depreciatioin expense the annual accumulated depreciation value of the equipments first 3 years of useful life using the following depreciation methods:
a. Straight-line method
b. 175% DB
c.Sum of Years
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