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Lazer Incorporated purchased a delivery van for $31,000. Its useful life is estimated as 5 years, with a salvage value of $4,000. Using the
Lazer Incorporated purchased a delivery van for $31,000. Its useful life is estimated as 5 years, with a salvage value of $4,000. Using the sum-of-the-years' digits depreciation method, calculate the book value at the end of year 3. $5,400 $9,400 $14,800 $21,600
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