Engineering, 07.12.2021 14:00, Shobhoob

An asset was purchased 6 years ago at a cost of 70,000. It was estimated to have a useful life of 10 years with a salvage value of 300 at the end of the time. It is now of no future use and can be sold for only 800. Determine the sunk cost if depreciation has been computed by: a. Straight line method
b. Sum of the year's digit method

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An asset was purchased 6 years ago at a cost of 70,000. It was estimated to have a useful life of 10...