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9. A piece of equipment is purchased for $100,000 and has an estimated salvage value of $12,000 at the end of a seven year recovery

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9. A piece of equipment is purchased for $100,000 and has an estimated salvage value of $12,000 at the end of a seven year recovery period. Using the 200% declining balance depreciation method, what is the amount the equipment depreciated by (Dm) in year seven? $4,174 $2,609 $1,281 $3,795

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