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Please Solve the following problem A Hospital just acquired new equipment. The equipment cost $4,250,000 and the organization spent $135,000 on upgrading the physical plant
Please Solve the following problem | |||||||||
A Hospital just acquired new equipment. The equipment cost $4,250,000 and | |||||||||
the organization spent $135,000 on upgrading the physical plant where the equipment | |||||||||
will be located. The equipment is expected to have a 10-year useful life and a salvage | |||||||||
value of 10% ($425,000), Calculate the first five years of depreciation using | |||||||||
straight line, double declining balance, and sum-of-the-years digits. | |||||||||
Please show solutions to the following | |||||||||
below. | |||||||||
Asset Cost: | |||||||||
Salvage Value: | |||||||||
Asset Life: | |||||||||
Straight-line Depreciation Each Year | #DIV/0! | ||||||||
Asset Cost: | $0 | Asset Cost: | $0 | ||||||
Salvage Value: | $0 | Salvage Value: | $0 | ||||||
Asset Life: | 0 | Asset Life: | 0 | ||||||
Depreciation Year | Depreciation Year | ||||||||
Sum of the Years Digits Depreciation | #NUM! | Double Declining Balance Depreciation | #NUM! | ||||||
Straight Line | Double Declining Balance | Sum-of-the years Digits | |||||||
Annual | Accumulated | Annual | Accumulated | Annual | Accumulated | ||||
Year | Depreciation | Depreciation | Depreciation | Depreciation | Depreciation | Depreciation | |||
1 | $0 | $0 | $0 | ||||||
2 | $0 | $0 | $0 | ||||||
3 | $0 | $0 | $0 | ||||||
4 | $0 | $0 | $0 | ||||||
5 | $0 | $0 | $0 | ||||||
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