A copier costs X and will have a salvage value of Y after n years. i)...

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).

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Expert Solution

ekkarill92 answered 1 year ago

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