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A private school is considering the purchase of six school buses to transport students to and from school events. The initial cost of the buses

A private school is considering the purchase of six school buses to transport students to and from school events. The initial cost of the buses is $600,000. The life of each bus is estimated to be 5 years, after which time the vehicles would have to be scrapped with no salvage value. My question is. How did the ending cash balance for year 1 to 5 came up to $2,440,000?

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