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Farm equipment has a class life of eight years. The equipment is being depreciated using the straight-line depreciation method. The equation for the book value

Farm equipment has a class life of eight years. The equipment is being depreciated using the straight-line depreciation method. The equation for the book value of the farm equipment is as follows. Answer parts a) and b).

Value =120,000-12,500 (Years)

Based on the information and equation above, which statement is true?

equipment

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