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this problem needs to be solved using excel In 2020, you purchased a piece of equipment for $X. You will use the Straight Line Depreciation

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this problem needs to be solved using excel
In 2020, you purchased a piece of equipment for $X. You will use the Straight Line Depreciation method and will use a depreciable salvage value of $6,000. The equipment has a depreciable and useful life of five years. The first-year benefit is $20,000 and increases by $5,000 each year thereafter. You sell the equipment at the end of year 5 for a market value of $Y. You are in the 32% income tax bracket. Ordinary gains/losses are taxed at 18% and capital gains are taxed at 15%. Variable Values: $120,000

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