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1 point) Kelly Inc. purchased equipment for $400,000, the useful life of the equipment is 10 years and the residual value is $20,000. What is

1 point) Kelly Inc. purchased equipment for $400,000, the useful life of the equipment is 10 years and the residual value is $20,000. What is the book value at the end of year 2, using straight line depreciation? $304,000 $38,000 $324,000 $76,000

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