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Question 8 O pts Nicholas J. is planning to buy a new upgraded SUV. The new SUV costs $40,000. After 7 years, the SUV is

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Question 8 O pts Nicholas J. is planning to buy a new upgraded SUV. The new SUV costs $40,000. After 7 years, the SUV is expected to have a salvage value of $1,679 in scrap. Question 7: Calculate the depreciation schedule using the following: 150% Declining Balance for year 2 only (depreciation and book value). Grading Criteria: Setup: 1 point Calculations: 0.4 points Answer: 0.2 points Statement: 0.2 points

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