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Jones, Inc. purchased a warehouse on January 1. Year 1 for $12,000,000. The asset had a $4,000,000 salvage value and a 20-year life. Jones u

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Jones, Inc. purchased a warehouse on January 1. Year 1 for $12,000,000. The asset had a $4,000,000 salvage value and a 20-year life. Jones u $7.200,000 53,200,000 $4,800,000 O$ 800,000 da 54.000.000 salvage value and a 20-year life.Jones uses straight line depreciation. What will the book value of the warehouse be on December 31, Year 12

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