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A digitally controlled plane for manufacturing furniture is purchased on April 1 by a calandar -year taxpayer for 66,000. It is expected to last 12 years and have a salvage value of 5,000. Calculate the deprexiation deduction during years 1,4 and 8.   A) Use straight line depreciation B) Use declining balance depreciation, with a rate that encures the book value equals the salvage title c) Use double declining balance depreciatin

A digitally controlled plane for manufacturing furniture is purchased on April 1 by a calandar -year taxpayer for 66,000. It is expected to last 12 years and have a salvage value of 5,000. Calculate the deprexiation deduction during years 1,4 and 8.   A) Use straight line depreciation B) Use declining balance depreciation, with a rate that encures the book value equals the salvage title c) Use double declining balance depreciatin

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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A digitally controlled plane for manufacturing furniture is purchased on April 1 by a calandar -year taxpayer for 66,000. It is expected to last 12 years and have a salvage value of 5,000. Calculate the deprexiation deduction during years 1,4 and 8.

 
A) Use straight line depreciation
B) Use declining balance depreciation, with a rate that encures the book value equals the salvage title
c) Use double declining balance depreciatin
D) Use declining balance depreciation, switching to straight line depreciation.
 
please show all steps and use an excell sheet.. 
 
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