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7 Disposal: Equipment was purchased for $75,000 and has a salvage value of $15,000. Life is 6 years; Straight-line method is used. Purchased on Jan.

7 Disposal: Equipment was purchased for $75,000 and has a salvage value of $15,000. Life is 6 years; Straight-line method is used. Purchased on Jan. 1, Year 1. Disposed on July 1, Year 4. Acc Deprecia...

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