(Answered) Question - a retail store using sum-of-the-years-digits

Accounting

Question - A retail store using sum-of-the-years-digits method of depreciation purchased equipment costing $36,000 and put it into use June 1. The equipment is expected to have a useful life of 10 years and an estimated resale value of $2,400.

Compute the book value at the end of the second year. Round depreciation amounts to the nearest dollar.

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