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A hospital is considering the purchase of a new medical device. The equipment will have a first cost of $128,790, annual revenues of $44,248, and
A hospital is considering the purchase of a new medical device. The equipment will have a first cost of $128,790, annual revenues of $44,248, and a salvage value of $42,827. The asset will be depreciated using the 200% declining balance method over its 9 year life. Determine the Book Value, BVt, in year 2.
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