An asset has a value of 1500 and a useful life of 5 years, Finance Basics

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An asset has a value of 1500 and a useful life of 5 years

1. Using the amortization method, construct a depreciation table for a machine whose value is $22,000 with a useful life of 7 years and a scrap value of $3,450. The interest rate is 9%.

2. An asset has a value of $1,500 and a useful life of 5 years. Its trade-in value is $300. Use the amortized method to construct a depreciation schedule assuming that the interest rate is 5%.

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Finance Basics: An asset has a value of 1500 and a useful life of 5 years

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Finance Basics: An asset has a value of 1500 and a useful life of 5 years

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