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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 five-year useful life is 15. Therefore, depreciation expense on the asset equals five-fifteenths of the depreciable cost during the first year, four-fifteenths during the second year, three-fifteenths during the third year, two-fifteenths during the fourth year, and one-fifteenth during the last year....
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- Fall '10
- Depreciation, following equation