The expected resale value after 4 years is 500 determine, Business Economics

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The expected resale value after 4 years is 500 determine

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.

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