George bought a piece of equivalent for 28000 the equipment, Ask an Expert

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George bought a piece of equivalent for $28,000. The equipment has a useful life of 4 years and a salvage value of $2,000 at the end of its useful life. Assume that the annual interest rate is 9%.

(a) Calculate the present value of depreciation, using the straight line depreciation method.

(b) Calculate the present value of depreciation, using the DDB depreciation method.

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M91593330

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