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New equipment has an initial book value $138,000 and is to be depreciated straight-line over 7 years to a book value of $35,000. What is

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New equipment has an initial book value $138,000 and is to be depreciated straight-line over 7 years to a book value of $35,000. What is the depreciation expense for the equipment for its second year of use? NOTE: Enter your answer to the nearest penny. Do not include a $ sign in your

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