Question: Use Equation Tool and Provide Illustration/diagram (Do not use excel) - I provide the correct answer but I need a full solution for the correct
Use Equation Tool and Provide Illustration/diagram (Do not use excel) - I provide the correct answer but I need a full solution for the correct answer. thank you

E. Sum of the Year's Digit Method Problem: A structure costs 120,000. It is estimated to have a life of 5 years, with a salvage value P at the end of its life of 1,000. Determine the book value at the end of each year of life. P Use the sum-of-the-years-digit method. N Book Value = Depreciation Accumulated Book Value = (Start of Year) Depreciation (End of Year) P120,000 P39,667 P39,667 P80,333 P80,333 P31,733 P71,400 P48,600 P48,600 P23,800 P95,200 P24,800 P24,800 P15,867 P111,067 P8,933 5 P8,933 P7,933 P119,000 P1,000
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