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17. Company X owns equipment with a cost of $80,000 and a useful life of three years. The productive life in hours is 10,000 hours.

17.

Company X owns equipment with a cost of $80,000 and a useful life of three years. The productive life in hours is 10,000 hours. The depreciation expense for the year is $21,000 and the hours used this year is 3,000. The company uses the activity method to record depreciation. Compute salvage value.

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$17,000

$10,000

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