Question: A tool was purchased for $ 2 0 , 0 0 0 in 2 0 1 5 and in 2 0 2 0 the tool

A tool was purchased for $

20, 000

2015

and in

2020

the tool is no longer usable and has a residual value of $

2000,

calculate with the straigt line depreciation method and sum of the year digits to find out the depreciation each year including the book value each year in each method.

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