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Equipment costing $ 1 2 , 0 0 0 , which has an estimated salvage value of $ 2 , 0 0 0 and an

Equipment costing $12,000, which has an estimated salvage value of $2,000 and an estimated life of 5 years, is being depreciated using the straight-line method. What is the book value of the equipment after 2 years?
$10,000
$ 8,000
$12,000
$ 4,000

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