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7.2) A lumber company purchases and installs a wood chipper for $289230. The chipper has a useful life of 11 years. The estimated salvage value

7.2) A lumber company purchases and installs a wood chipper for $289230. The chipper has a useful life of 11 years. The estimated salvage value at the end of 11 years is $23162. The chipper will be depreciated using a Straight Line Depreciation. What is the book value at the end of year 3?

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