Question
The new CEO of George Washington Hospital a for-profit hospital wants to increase the efficiency of GWH data processing operations. She decides to acquire a
The new CEO of George Washington Hospital a for-profit hospital wants to increase the efficiency of GWH data processing operations. She decides to acquire a computer system that would reduce the hospital collection by five days among other benefits. The computer system cost $2,700,000 and spent $241,175 to renovate a building to accommodate the new equipment. The useful life of the computer system is estimated to be 7 years and the computer residual value is $100,000.00. Using Double Declining Depreciation method. What is the year 3 depreciation expense? What is year 4 accumulated depreciation? What would be the book value after year 4?
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