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The original cost of a property is $ 35000. Its salvage value is to be $3500 at the end service life is estimated to be 8 year. Determine the asset value of a property at the end of scound year using. 1- Sum – of the year - digits method. 2- Double declining balance method.

The original cost of a property is $ 35000. Its salvage value is to be $3500 at the end service life is estimated to be 8 year. Determine the asset value of a property at the end of scound year using. 1- Sum – of the year - digits method. 2- Double declining balance method.

Introduction to Chemical Engineering Thermodynamics
Introduction to Chemical Engineering Thermodynamics
8th Edition
ISBN:9781259696527
Author:J.M. Smith Termodinamica en ingenieria quimica, Hendrick C Van Ness, Michael Abbott, Mark Swihart
Publisher:J.M. Smith Termodinamica en ingenieria quimica, Hendrick C Van Ness, Michael Abbott, Mark Swihart
Chapter1: Introduction
Section: Chapter Questions
Problem 1.1P
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The original cost of a property is $ 35000. Its salvage value is to be $3500 at the end service life is estimated to be 8 year. Determine the asset value of a property at the end of scound year using. 1- Sum – of the year – digits method. 2- Double declining balance method.
Transcribed Image Text:The original cost of a property is $ 35000. Its salvage value is to be $3500 at the end service life is estimated to be 8 year. Determine the asset value of a property at the end of scound year using. 1- Sum – of the year – digits method. 2- Double declining balance method.
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