Earth-moving equipment having a first cost of 82000 is, Ask an Expert

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Earth-moving equipment having a first cost of $82,000 is expected to have a life of 18 years. The salvage value at the time is expected to be $15,000. Calculate the depreciation charge and book value for years 2, 7, 12, and 18 using:

a- The straight-line depreciation method

b- The double declining balance depreciation method

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M91622250

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