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a company has purchased equipment whose first cost is $ 100,000 with an estimated life of...

a company has purchased equipment whose first cost is $ 100,000 with an estimated life of eight years.the estimated salvage value of the equipment at the end of its lifetime is $ 20,000 determine the depreciation charge and book value at the end of various years using sinking fund method of depreciation with an interest rate of %12 compounded annually

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