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George bought a piece of equivalent for $28,000. The equipment has a useful life of 4 years and a salvage value of $2,000 at the

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George bought a piece of equivalent for $28,000. The equipment has a useful life of 4 years and a salvage value of $2,000 at the end of its useful life. Assume that the annual interest rate is 9%. (a) Calculate the book value at the end of year 2, using the straight line depreciation $10,000 0 $13,000 $15,000 $18,000

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