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An asset with an initial cost of $50,000 is depreciated by the MACRS method over a 5-year period. If the asset will have a $20,000

An asset with an initial cost of $50,000 is depreciated by the MACRS method over a 5-year period. If the asset will have a $20,000 salvage value, what is its book value at the end of year 2

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