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Friday, 2 August 2013

Suppose you purchase a $10,000 barge -- a 10-year asset. What is depreciation on the barge in year 5 if you sell it on January 15th of that year? your answer is ..........?

Suppose you purchase a $10,000 barge -- a 10-year asset. What is depreciation on the barge in year 5 if you sell it on January 15th of that year?
your answer is ..........?

Answer
$461

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