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Mason Corp. purchased equipment at a cost of $74,000. The expected service life of the equipment is 7 years, and the residual value is $4,000.
Mason Corp. purchased equipment at a cost of $74,000. The expected service life of the equipment is 7 years, and the residual value is $4,000. Assuming straight-line depreciation, the asset's net book value at the end of the third year would be: 0 $44,000 0 $64,000 0 $54,000 0 $50,000
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