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The cost of equipment acquired by a digital start up firm is $1,250,000 and the...

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Accounting

The cost of equipment acquired by a digital start up firm is $1,250,000 and the shipping and installation expense of the equipment is $90,000. This digital start up is allowed to depreciate its equipment using the straight line method or the modified accelerated cost recovery system method (MACRS). Suppose the economic life of the equipment is 5 years, calculate the depreciation expense per year and the end of year book value of the equipment

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