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Assume Freedom Communications purchased a new piece of equipment on January 1, 2016 that cost $50,000 The estimated useful life is 10 years and estimated

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Assume Freedom Communications purchased a new piece of equipment on January 1, 2016 that cost $50,000 The estimated useful life is 10 years and estimated residual value is $6,000 If Freedom uses the straight-line method for depreciation, what is the asset's book value at the end of 2017? A. $47, 200 B. $40,000 C. $35, 200 D. $41, 200

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