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TTU's athletic department purchased a new van for $30,000. They expect to sell it in 3 years for $4,000. What is the annual depreciation expense

  1. TTU's athletic department purchased a new van for $30,000. They expect to sell it in 3 years for $4,000. What is the annual depreciation expense and annual tax deduction when using:

b.Sum-of-years digits depreciation (Please use the sum of years digits depreciation formula to answer this question. please show your work)

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