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5. A company bought a new display case for $42,000 and estimated residual value to be $2,000 and the useful life to be eight years.

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5. A company bought a new display case for $42,000 and estimated residual value to be $2,000 and the useful life to be eight years. Using straight-line depreciation, what is the book value of the display case after three years? $15,000 B. $15,750 C. $26,250 D. $27,000

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