What is the depreciation in year three using Double Declining Balance switching to Straight Line...
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What is the depreciation in year three using Double Declining Balance switching to Straight Line for the following.
The equipment has an initial cost of $350,000, delivery charges of $10,000 and installation costs of $5,000. The ongoing maintenance cost will be $4,000/year. The equipment will have an 8 year life and a salvage value of $50,000.
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