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Fixed Assets - EBS (MOSC)

Sum of Digits Method

Feb 28, 2012 4:31AM edited Feb 28, 2012 6:37AM in Fixed Assets - EBS (MOSC) 2 commentsAnswered

Which formula is used to calculate depreciation using the sum of digits method?

For example, what is the depreciation of an asset whose cost is 100.00 and the useful life is 8 years. Remember that depreciation is Sum of Digits

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