Question: For its fabricated metal products, the Able Corp. is buying $10,000 of special tools that have a 4-year useful life and no salvage value .

For its fabricated metal products, the Able Corp. is buying $10,000 of special tools that have a 4-year useful life and no salvage value. Compute the depreciation charge for the second year by each of the following methods:

(a) DDB.

(b) Sum-of -years' -digits.

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