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A piece of equipment costs $4 million, has installation costs of $50,000, an estimated residual value of $800,000 and a useful life of years. Based

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A piece of equipment costs $4 million, has installation costs of $50,000, an estimated residual value of $800,000 and a useful life of years. Based on straight-kine depreciation, what would be the book value of this asset after 3 years? O A. $700,000 B. $2,100,000 OC. $1,300,000 OD. $1,260,000

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