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HJK Limited purchased equipment 6 years ago worth $846,000. The equipment is being depreciated straight line over 9 years with no residual value. Question 8

HJK Limited purchased equipment 6 years ago worth $846,000. The equipment is being depreciated straight line over 9 years with no residual value.

Question 8 (2 marks):

What is the net value of the equipment on the balance sheet?

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