An asset costs 36000 has a useful life of 5 years and an, Ask an Expert

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An asset costs $36,000, has a useful life of 5 years and an estimated scrap value of $8,200. Assume an interest rate Of 5% compounded annually and find the present value of the depreciation charges using:

a. the straight line method.

b. the sum of the years digits method.

c. the double declining balance method for two years followed by the straight line method.

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92425219

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