Equipment was purchased for 46000 with an estimated life of


Question: Equipment was purchased for $46,000 with an estimated life of five years and residual value is estimated at $2,000. What is depreciation expense for the first year using each of the following separate depreciation methods?

a. Sum of the years' digits

b. Double declining balance

c. Straight line

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Mathematics: Equipment was purchased for 46000 with an estimated life of
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