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4. A piece of equipment was purchased on January 1, 2021, costing $22,000 with an expected salvage value of $2,000. The useful life is 4

4. A piece of equipment was purchased on January 1, 2021, costing $22,000 with an expected salvage value of $2,000. The useful life is 4 years. Compute the annual depreciation for the 4 years using Straighline depreciation. What is the NBV at the end of year 4?

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