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An asset purchased on January 1, Year 1, for $66,000 that has an estimated life of 10 years will have a book value on December

An asset purchased on January 1, Year 1, for $66,000 that has an estimated life of 10 years will have a book value on December 31, Year 4, of:

Multiple Choice

A. $39,600.

B. $26,400.

C. $46,200.

D. $66,000.

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