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accumulated depreciation Novak Corp. purchased a 777 aircraft on January 1, 2020 at a cost of $40,960,000. the estimated useful life of the aircraft is

accumulated depreciation

Novak Corp. purchased a 777 aircraft on January 1, 2020 at a cost of $40,960,000. the estimated useful life of the aircraft is 20 years, with an estimated salvage value of &6,144,000.

compute the accumulated depreciation and book value at December 31, 2022 using the straight-line method and the double-declining-balance method.

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