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Unformatted text preview: one through the number of years in the asset's useful life (1 + 2 + 3…) or by substituting the number of years in the asset's useful life for x in the following equation. The sum of the years' digits for an asset with a fiveyear useful life is 15. Therefore, depreciation expense on the asset equals fivefifteenths of the depreciable cost during the first year, fourfifteenths during the second year, threefifteenths during the third year, twofifteenths during the fourth year, and onefifteenth during the last year....
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 Fall '10
 staff
 Depreciation, following equation

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