Calaculate the book value after two years, Microeconomics

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Calaculate the book value after two years

Problem

Blank Mind, Inc., just purchased a new psychograph machine for $10,000. The expected resale value after 4 years is $500. Determine the book value after 2 years using the following depreciation methods:

(a) Straight-line.

(b) SOYD.

(c) Double-declining balance.

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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Microeconomics: Calaculate the book value after two years

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