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Murphy's Auto Co. purchaseda large piece of equipment on January 1, 2004. The equipment is beingdepreciated, using the straight-line method, at the rate of $16,000

Murphy's Auto Co. purchaseda large piece of equipment on January 1, 2004.

The equipment is beingdepreciated, using the straight-line method, at the rate of $16,000 per year.

On January 5, 2015 the book value of the machine was $190,000.

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