ABC Inc., a profitable corporation, purchased equipment for $20,000. The equipment may be depreciated using the following two depreciation methods for 5 years with a salvage value of $5,000.
The two methods are:
i. DDB
ii. SOYD
Develop depreciation schedules for both the methods.

Question

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The Answer of ABC Inc., a profitable corporation, purchased equipment for $20,000. The equipment may be depreciated using the following two depreciation methods for 5 years with a salvage value of $5,000.
The two methods are:
i. DDB
ii. SOYD
Develop depreciation schedules for both the methods.

ABC Inc, a Profitable Corporation, Purchased Equipment for $20,000