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Use Excel formulas/functions. A CNC milling machine costs $220,000 *) it will be disposed of after 10 years *)It has salvage value of $10,000 *)
Use Excel formulas/functions.
A CNC milling machine costs $220,000 *) it will be disposed of after 10 years *)It has salvage value of $10,000 *) CNC machines are classified as 7-year property
Compute depreciation schedule and book value using a) SL b) SOYD c) DDB
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