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A grader has an initial cost of $ 2 2 5 , 0 0 0 and an estimated useful life of 8 years. The salvage

A grader has an initial cost of $225,000 and an estimated useful life of 8 years. The salvage value after 8 years of use is estimated to be $25,000. What is the book value at the end of the second year if the Sum of the year method

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