Compute the accumulated depreciation through year four


Problem

A used drill press costs $12,000, and delivery and installation charges add $1500. The salvage value after 8 years is $1000. Compute the accumulated depreciation through year 4 using:

(a) 7-year MACRS.

(b) Straight-line.

(c) 150% declining balance.

(d) SOYD.

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: Compute the accumulated depreciation through year four
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