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ABC Company purchased an asset for $150,000, in addition, the company incurred a custom tax of $4,000 and installation costs of $6,000. The equipment had

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"ABC" Company purchased an asset for $150,000, in addition, the company incurred a custom tax of $4,000 and installation costs of $6,000. The equipment had an estimated salvage value of $25,000. Moreover, the equipment will be depreciated using a 10-year recovery period Based on the above questions, answer the following questions 1. What is the book value at the end of the third year? 2. What is the accumulated depreciation by the end of the fourth year? 3. What is the depreciation expense in year 5

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