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Night purchased a surround sound system and big screen TV with a digital satellite system for the guest lounge. The surround system cost $3600 and
Night purchased a surround sound system and big screen TV with a digital satellite system for the guest lounge. The surround system cost $3600 and has an estimated useful life of five years and no salvage value. The TV cost $8000 and has an estimated useful life of eight years, and has a salvage value of $800. Night paid cash for both items.
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