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The company accountant is uncertain which of three depreciation methods the firm should use for welding equipment that costs $150,000, and has a zero salvage
The company accountant is uncertain which of three depreciation methods the firm should use for welding equipment that costs $150,000, and has a zero salvage value at the end of a 10-year depreciable life. Compute the depreciation schedule for the welding equipment using the methods listed:
A) Straight line
B) Double declining balance
C) Sum-of-years digits
Based on your analysis, which depreciation method is most profitable for the firm?
Please show your work and I will rate the correct answer! Thank you in advance.
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