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[Steps Shown] The newly-installed machinery at a manufacturing plant is valued at $360,000. Applying a sum-of-the-digits depreciation model, and presuming

Question: The newly-installed machinery at a manufacturing plant is valued at $360,000. Applying a sum-of-the-digits depreciation model, and presuming that the equipment would have no scrap or salvage value after eight years, determine when the machinery would be valued at the following figures: (a) $100,000 and (b) $30,000. Explain or justify your answers.

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[Steps Shown] The newly-installed machinery at a manufacturing plant is valued at $360,000. Applying a sum-of-the-digits depreciation model, and presuming

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