A bowling alley costs $500,000 and has a useful life of 10 years. Its estimated MV at EOY 10 is $50,000. Create a spreadsheet that calculates the depreciation and the book value for EOYS 1 to 10 using: a. 15 marks] The SL method. b. 15 marks] The 200% DB method.
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n=3
Therefore, the period in which its value be reduced to 364500 is 3 years.
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