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Ivanhoe Company purchased a depreciable asset for $42040 on October 1,2020 . The estimated salvage value is $8200, and the estimated useful life is 6

image text in transcribed Ivanhoe Company purchased a depreciable asset for $42040 on October 1,2020 . The estimated salvage value is $8200, and the estimated useful life is 6 years. The straight-line method is used for depreciation. What is the book value on July 1,2022 when the asset is sold? $9870$14721$32170$23970

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