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DBM: A property that is book-depreciated over a 10-year period by the Declining Balance Method has $7,718.36 book value on the 7th year. Determine the

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DBM: A property that is book-depreciated over a 10-year period by the Declining Balance Method has $7,718.36 book value on the 7th year. Determine the assumed salvage value of the property (round-off k to 4 decimal places)

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