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Calculate the book value of the equipment at the end of year 2 month 3 using the following information assuming the straight-line method and that

Calculate the book value of the equipment at the end of year 2 month 3 using the following information assuming the straight-line method and that depreciation is accrued for monthly. After 2 years and 3 months!

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Cost of equipment Estimated service life in years Salvage value S 469,000 12 40,000

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