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inc whose fiscal year ends on december 31, 2021. Purchased a unit of equipment for a total cost of 5,000,000. The equipment is expected to

inc whose fiscal year ends on december 31, 2021. Purchased a unit of equipment for a total cost of 5,000,000. The equipment is expected to have a 5-year useful life and a residual value of 10% of its original cost

Using the straight line method, how much is the carrying value of equipment as of december 31 2024?

  1. 500000

  2. 1400000

  3. 4500000

  4. 900000

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