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Firm X purchased a piece of equipment exactly 7 years ago. The piece of equipment had a purchase price of $ 3,436,540 , a salvage

Firm X purchased a piece of equipment exactly 7 years ago. The piece of equipment had a purchase price of $ 3,436,540 , a salvage value of $ 440,758 , and an estimated useful life of 15 years. What is the current book value of this piece of equipment owned by Firm X?

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