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GotG, Inc. buys a new ship, the Benatar, after its previous ship is destroyed. They paid $102,000 and expect to be able to sell it
GotG, Inc. buys a new ship, the Benatar, after its previous ship is destroyed. They paid $102,000 and expect to be able to sell it for $2,000 when they are finished with it after 5 years. What is the depreciation expense, depreciable cost, and book value after year 2?
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