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Question 3 (Depreciation of Assets) Swift Aerospace purchased a new aircraft engine diagnostics equipment for its maintenance support facility in France. The installed cost of
Question 3 (Depreciation of Assets) Swift Aerospace purchased a new aircraft engine diagnostics equipment for its maintenance support facility in France. The installed cost of the equipment was RO 60000 with a depreciable life of 5 years and an estimated 5% salvage. Determine the following a. Straight Line (SL) depreciation and book value schedule b. Double Declining Balance (DDB) depreciation and book value schedule C. MACRS depreciation and book value schedule. d. Sinking Fund depreciation and book value schedule, if interest is calculated at 7%. e. An Excel xy scatter chart to plot the book value curves for all four schedules
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