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An asset is expected to be used for 20 years. At the end of its 6 th year, it was damaged and needs to be
An asset is expected to be used for 20 years. At the end of its 6 th year, it was damaged and needs to be replaced. The replacement cost of the asset is $21,000. 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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