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A backhoe is purchased for $167,000 and has an estimated salvage value of $11,000 at the end of its five-year useful life. When preparing a
A backhoe is purchased for $167,000 and has an estimated salvage value of $11,000 at the end of its five-year useful life. When preparing a depreciation schedule by the straight-line method, what is the second year book value? (Answer with an integer.)
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