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SIT’s Computer department recently purchased 100 new sever machines with a total initial cost of $120,000, and with an estimated salvage value of $20,000 at the end of 3- year useful life. Using the straight-line method: a. Calculate the annual depreciation allowances. [5 points] b. Calculate the annual book values. [5 points]
QUESTION 1: SIT’s Computer department recently purchased 100 new sever machines with a total initial cost of $120,000, and with an estimated salvage value of $20,000 at the end of…