Question: Use Excel formulas/functions. A CNC milling machine costs $220,000 *) it will be disposed of after 10 years *)It has salvage value of $10,000 *)

Use Excel formulas/functions.

A CNC milling machine costs $220,000 *) it will be disposed of after 10 years *)It has salvage value of $10,000 *) CNC machines are classified as 7-year property

Compute depreciation schedule and book value using a) SL b) SOYD c) DDB

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