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Healthy Practices Hospital purchases $300,000 of testing equipment that has a useful life of 5...

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Accounting

Healthy Practices Hospital purchases $300,000 of testing equipment that has a useful life of 5 years. The hospital also pays $20,000 to install the equipment and make it usable. The hospital also expects that after 5 years, it can sell the equipment for $10,000. Calculate the five years of depreciation using straight line, double declining balance, and sum-of-the-years digits.

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