3) (20 pts.) A company bought a machine for $60,000. It was expected to last...
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3) (20 pts.) A company bought a machine for $60,000. It was expected to last 5 years and ha no salvage value. At the end of the fourth year the machine is declared obsolete and is donated to a school. What is the loss to the company if the following depreciation method was used? a) Straight Line b) SOYD c) 5-year MACRS d) Double Declining Balance
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