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Question 2 The initial cost of a piece of construction equipment is $4000 000. It has useful life of 10 years. The estimated salvage value

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Question 2 The initial cost of a piece of construction equipment is $4000 000. It has useful life of 10 years. The estimated salvage value of the equipment at the end of useful life is $600 000. Calculate the depreciation charge and book value of the construction equipment using straight-line method and declining balance depreciation method in years 1, 4, 6, 9 and 10

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