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Question 3 (1.25 point) Seas of Spain was intending to expand their cruises business in, so they acquired a magnificent ship for 40 million, that
Question 3 (1.25 point) "Seas of Spain was intending to expand their cruises business in, so they acquired a magnificent ship for 40 million, that would allow them to be leader in the Barcelona-Rome route. Its useful life is 25 years, and its expected residual value is 5 million. REQUESTED: (Solve this exercise on the ANSWER SHEET) Prepare a tabular comparison of the annual depreciation and book value for each of the first 3 years of service life under straight line (0.625 points) and the double-declining-balance (DDB) depreciation method (0.625 points). Show all amounts in thousands of euros (rounded to the nearest thousand)
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