Question: Can someone please help me with 3 and 4 ? 3) Using the GDS: What is the depreciation amount in the third year? What is

GDS: What is the depreciation amount in the third year? What is Can someone please help me with 3 and 4?

3) Using the GDS:

What is the depreciation amount in the third year?

What is the BV at the end of the fourth year of life?

4) Using the ADS:

What is the depreciation amount in the third year?

What is the BV at the end of the fourth year of life?

the BV at the end of the fourth year of life? 4) Using the ADS: What is the depreciation amount in the third year?

An asset for drilling was purchased and placed in service by a petroleum production company. Its cost basis is S50,000, and it has an estimated MV of $12,000 at the end of an estimated useful life of 16 years. Compute the depreciation amount in the third year and the BV at the end of the fourth year of life by each of these methods

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