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An asset has a first cost of $45,000, a recovery period of 5 years, and...

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Accounting

An asset has a first cost of $45,000, a recovery period of 5 years, and a $3000 salvage value. Use the DDB depreciation method (making sure that last book value equals the salvage value), and calculate the present worth of depreciation at i = 18% per year.

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