Air handling equipment that costs $12,000 has a life of 7 years with a $2000 salvage value. (a) Calculate the straight line depreciation charge for each year. (b) Write the spreadsheet function to determine the annual depreciation. (c) Determine the book value after 3 years. (d ) Determine the rate of depreciation. (e) Use a spreadsheet to plot the accumulated depreciation and book value for each year.

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