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Define salvage value used in computing depreciation charges

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Question: Jain Mart is to depreciate an asset bought for $500,000 using the SOYD method over a life of 8 years. If the depreciation charges in year 4 was $80,000, determine the salvage value used in computing the depreciation charges in year 3. The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

Reference no: EM131748966

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