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An asset is expected to be used for 17 years. At the end of its 7th year, it was damaged and needs to be replaced.

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An asset is expected to be used for 17 years. At the end of its 7th year, it was damaged and needs to be replaced. The replacement cost of the asset is $19,000. What is the actual cash value of the asset? Note: Show your answer in units of dollars, use plain numbers with at least two digits after the decimal (e.g., for $12,345.67, type 12345.67)

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