In: Accounting
A copier costs X and will have a salvage value of Y after n
years.
i) using the straight line method, the annual depreciation expense
is $1000.
ii) using the sum of the years digits method, the depreciation
expense in year 3 is $800.
iii) using the declining balance method, the depreciation expense
is 33.125% of the book value at the beginning of the year.
Calculate X (provide excel spreadsheet in your answer).