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An asset is purchased for $713,000 today. It will have a $71,800 salvage value after 7 years of use. Using the straight-line (SLN) method, calculate

An asset is purchased for $713,000 today. It will have a $71,800 salvage value after 7 years of use. Using the straight-line (SLN) method, calculate the depreciation charge for year 2 and the book value at the end of year 2

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