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A manufacturing firm is considering the purchase of a new asset. The equipment will have a first cost of $246,884, annual revenues of $48,862, and
A manufacturing firm is considering the purchase of a new asset. The equipment will have a first cost of $246,884, annual revenues of $48,862, and a salvage value of $38,212. The asset will be depreciated using the straight line method over its 6 year life. Determine the book value, BVt, in year 3.
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