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Concord Corporation purchased a 777 aircraft on January 1, 2020 at a cost of $40,160,000. The estimated useful life of the aircraft is 20 years,

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Concord Corporation purchased a 777 aircraft on January 1, 2020 at a cost of $40,160,000. The estimated useful life of the aircraft is 20 years, with an estimated salvage value of $6,024,000. Compute the accumulated depreciation and book value at December 31, 2022 using the straight-line method and the doubledeclining-balance method

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