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You bought an tablet for 10,000 and you plan to keep it for 20 years. If it will not have a salvage value at the end of the 20th year, what is its depreciation at the end of its third year? Use sum of years digits method. Your answer should only be a REAL NUMBER with NO UNITS and NO COMMAS. Round off to nearest 2 decimal places (e.g. 2500.36).

You bought an tablet for 10,000 and you plan to keep it for 20 years. If it will not have a salvage value at the end of the 20th year, what is its depreciation at the end of its third year? Use sum of years digits method. Your answer should only be a REAL NUMBER with NO UNITS and NO COMMAS. Round off to nearest 2 decimal places (e.g. 2500.36).

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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You bought an tablet for 10,000 and you plan to keep it for 20 years. If it will not have a salvage value at the end of the 20th year, what is its depreciation at the end of its third year? Use sum of years digits method. Your answer should only be a REAL NUMBER with NO UNITS and NO COMMAS. Round off to nearest 2 decimal places (e.g. 2500.36).
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