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Consider the following data on an asset: Compute the annual depreciation allowances and the resulting...

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Accounting

Consider the following data on an asset:
Compute the annual depreciation allowances and the resulting book values, using the following
methods:
(a) The straight-line depreciation method
(b) The declining-balance methodConsider the following data on an asset:
Cost of the asset, I $130,000
Useful life, N 5 years
Salvage value, S $20,000
without using excel please, and please if you can show steps, thank you
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