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Young Manufacturing uses the sum-of-the-years-digits method of depreciation. Equipment costing $37,500 has an estimated life...

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Accounting

Young Manufacturing uses the sum-of-the-years-digits method of depreciation. Equipment costing $37,500 has an estimated life of 5 years and an estimated scrap value of $2,700.

a. Compute the amount of depreciation expense for the second year. __________

b. What is the book value at the end of the second year? __________

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