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A piece of machinery that was purchased on July 1 has an original cost of $10,000. The company takes an annual depreciation of $1,500 a

A piece of machinery that was purchased on July 1 has an original cost of $10,000. The company takes an annual depreciation of $1,500 a year.

a. Find the net book value of the machinery after the first year.

  • 7000
  • 8500
  • 10000

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