An equipment bought at cost of $Y will be depreciated using either the SOYD (sum- of -years - digit method) or SL (straight-line) method. This equipment will be depreciated over a period of 5 years with a salvage value of $X. Determine the percentage increase in depreciation charges in year 2 for the SOYD method over the SL method.
A) 10%
B) 33.33%
C) 0%
D) 16.67%
Correct Answer:
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