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Assume Anywhere Communications purchased a new piece of equipment on January 1, 2016 that cost $65,000. The estimated useful life is 5 years and estimated
Assume Anywhere Communications purchased a new piece of equipment on January 1, 2016 that cost $65,000. The estimated useful life is 5 years and estimated residual value is $8,000. If Anywhere uses the straight-line method for depreciation, what is the asset's book value at the end of 2017? $50, 200 $42, 200 $39,000 $34, 200
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