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A lumber company purchases and installs a wood chipper for $226,022. The chipper has a useful life of 15 years. The estimated salvage value at

A lumber company purchases and installs a wood chipper for $226,022. The chipper has a useful life of 15 years. The estimated salvage value at the end of 15 years is $24,726. The chipper will be depreciated using a Straight Line Depreciation. What is the book value at the end of year 7? Enter your answer as follow: 123456.78

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