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Davis Farms purchased breeding hogs at a cost of $80,000 this year. Assume that the breeding life of these hogs is 4 years. Assume that the hogs can be sold for $ 10,000 at the end of year 4. Determine the depreciation and book value for the hogs for the first 3 years of ownership using the following depreciation methods. A. SOYD method (4) B. declining balance method (4) C. MACRS method (4).

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Financial Management, Finance

Category:- Financial Management
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