Question
Look at your ID number (ID number: 1112200047). They should consist of 10 numbers. Let the first 8 numbers be your purchase price, and the
Look at your ID number (ID number: 1112200047). They should consist of 10 numbers. Let the first 8 numbers be your purchase price, and the last 2 numbers be your salvage price. You purchase an asset, and at the end of 50 years it depreciates to your salvage price. Create an excel sheet that calculates the depreciated value and amount of depreciation for each of the 50 years. Do this for each of the 4 depreciation methods. For the compound interest method, use i = 10%. (Hint: for the declining balance method, you have to find the discount rate first)
*is that possible if you give me the excel file or the link to it? thank you btw.
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