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A landscaping company buys a backhoe for $75,000. The useful life of the backhoe is 7 years and it has a $5,000 salvage value. Using
A landscaping company buys a backhoe for $75,000. The useful life of the backhoe is 7 years and it has a $5,000 salvage value. Using straight-line depreciation, what will the depreciated value of the equipment be after 3 years?
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