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Equipment purchased for $30,000 with a 10-year estimated useful life and no estimated residual value sold at the end of Year 2 for $22,000. a.
Equipment purchased for $30,000 with a 10-year estimated useful life and no estimated residual value sold at the end of Year 2 for $22,000. a. Compute the book value at the time of sale (at the end of Year 2). SL $__DDB $__ b. At the end of Year 2, the market value of the equipment is $__. The market value and the book value are (the same/different) for SL. The market value and the book value are (the same/different) for DDB. Why
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