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(Chapter 11 ) What is the book value at the end of year 3 of an asset purchased for $50,000, depreciated over 5 years and

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(Chapter 11 ) What is the book value at the end of year 3 of an asset purchased for $50,000, depreciated over 5 years and a salvage value of $10,000 using: (20 pts) a. Straight Line Depreciation b. MACRS (use 5-year depreciation schedule)

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