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Ashley Inc purchased a machine on January 1, 2012 for $14,000, expected it to last 10 years and estimated a salvage value of $2,000 at

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Ashley Inc purchased a machine on January 1, 2012 for $14,000, expected it to last 10 years and estimated a salvage value of $2,000 at the end of its life. What is the book value of the asset after the first 2 years using straight-line method? $11.200 59,600 511,600 512,800 None of the above

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