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LLC acquired an equipment on 1 Jan 2018. Use the following data for calculations: Equipment Cost 20,000 Estimated Life 10 years Salvage Value 5% Required:

LLC acquired an equipment on 1 Jan 2018. Use the following data for calculations:

	Equipment Cost	20,000
	Estimated Life	10 years
	Salvage Value	5%

Required: Determine the depreciation for 5 years using declining balance method and sum of digits method

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