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Use the following data: Asset cost $120,000 Expected life 4 years Estimated salvage value $12,000 Using the sum-of-the-years-digits method, the amount of depreciation for the
Use the following data:
| Asset cost | $120,000 |
| Expected life | 4 years |
| Estimated salvage value | $12,000 |
Using the sum-of-the-years-digits method, the amount of depreciation for the third year would be
a.$28,000.
b.$21,600.
c.$48,600.
d.$30,000.
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Advanced Accounting
Authors: Joe Hoyle, Thomas Schaefer, Timothy Doupnik
10th edition
0-07-794127-6, 978-0-07-79412, 978-0077431808
