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The initial cost of an industrial equipment is 10 M$ and its salvage value after 5 years is 1.5 M$. Calculate its book value after
The initial cost of an industrial equipment is 10 M$ and its salvage value after 5 years is 1.5 M$. Calculate its book value after 3 years of depreciation using: (i) the straight-line method; (ii) the declining-balance method (assuming a declining-balance factor of 0.30) ; (iii) the sum of the year digits method.
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