Question

A company purchases an equipment by 99,000 SR, it is estimated that equipment useful life equal...

A company purchases an equipment by 99,000 SR, it is estimated that equipment useful life equal to 9 years, and salvage value equal to 9,000 SR. It is required to find: 1) Depreciation amount; and 2) The book value of equipment a long life time using: A) Straight Line Method; B) Sum of Year Method; and C) Double Declining Balance Method.

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