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7. A piece of equipment is purchased for $225,000 and has an estimated salvage value of $12,000 at the end of a seven year recovery

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7. A piece of equipment is purchased for $225,000 and has an estimated salvage value of $12,000 at the end of a seven year recovery period. Using the straight line depreciation method, what is the book value in year 4? $103,286 -$11,714 $12,000 $72,857 $133,714

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