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Forsythe, Inc. purchased equipment costing $720,000 on January 1, 2020. The salvage value is expected to be $30,000 at the end of the 8-year useful

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Forsythe, Inc. purchased equipment costing $720,000 on January 1, 2020. The salvage value is expected to be $30,000 at the end of the 8-year useful life. What is the book value of the equipment on December 31, 2022? O $90,000 $461,250. O $720,000 O $258,750

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