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An asset owned by Photon Environmental was book depreciated by the Straight Line method over a 5-year period with book values of $296,000 and $225,000

An asset owned by Photon Environmental was book depreciated by the Straight Line method over a 5-year period with book values of $296,000 and $225,000 in years 2 and 3, respectively.

Determine the salvage value S used in the calculation.

The salvage value is determined to be $

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