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LONG TERM ASSET ASSET: FORKLIFT COST$56,000ACCUMULATED DEPRECIATION$22,400PREPAID INSURANCE$1,500MAINTENANCE$6,500BOOK VALUE______ Based on the following information from a company's asset record, what is the book value of

LONG TERM ASSET

ASSET: FORKLIFT

COST$56,000ACCUMULATED DEPRECIATION$22,400PREPAID INSURANCE$1,500MAINTENANCE$6,500BOOK VALUE______

Based on the following information from a company's asset record, what is the book value of the forklift?

  • $25,600
  • $56,000
  • $33,600
  • $32,100

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