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An office telephone system cost $32,000.00 with an estimated residual

Ratios, rates, proportions
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asked 2021-08-12
An office telephone system cost $32,000.00 with an estimated residual value of $2,000.00. The system has an estimated useful life of 5 years. Using the sum-of-the-years’-digits method, the amount of depreciation for the fourth year is

Expert Answers (1)

2021-08-13
Sum of the Years' Digits = \(\displaystyle{n}\frac{{{n}+{1}}}{{2}}={15}{\left({n}={5}\right)}\) now the The forth year depreciation is 2/15 of $34,000.00= 4533.3333
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