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  3. equipment was purchased for $46,400 with an estima

Equipment was purchased for $46,400 with an estimated life of 8 years and a residual...

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Accounting

Equipment was purchased for $46,400 with an estimated life of 8 years and a residual value of $4,000. What is the depreciation expense for the first year using each of the following separate depreciation methods?

a. sum of the years' digits

b. double-declinging balance

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