Straight line depreciation and SOYD method

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Reference no: EM13976170

A piece of equipment was purchased new at $35,000. The salvage value is $1500 after its 8 year service life. Determine the depreciation and blue book value for the life of the asset, assuming

a) Straight line depreciation,

b) MACRS, and

c) SOYD method.

Reference no: EM13976170

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