Question: PLEASE USE EXCEL AND SHOW FUNCTIONS USED! 4. (20 points) A company purchased new packaging equipment with an estimated useful life of four years. The

PLEASE USE EXCEL AND SHOW FUNCTIONS USED!

PLEASE USE EXCEL AND SHOW FUNCTIONS USED! 4. (20 points) A company

4. (20 points) A company purchased new packaging equipment with an estimated useful life of four years. The cost of the equipment was $50,000, and the salvage value was estimated to be $5,000 at the end of four years. Compute the annual depreciation expenses through the four-year life of the equipment under each book depreciation method. a) Straight-line method b) Double-declining balance method

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