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On 11/Year 1 Fordham Company purchased computer equipment at a cost of $13.000. The equipment has an estimated salvage value of $1.200 and an estimated
On 11/Year 1 Fordham Company purchased computer equipment at a cost of $13.000. The equipment has an estimated salvage value of $1.200 and an estimated useful fe of 4 years. A the end of 4 years, it is expected that the equipment will be replaced with new equipment costing $20,000 Fordham Company uses the straight-line depreciation method. What is the book value of the equipment at 12/31 Year 2? Map Choice $5.900 $8850 $0.050 57:00 $14100
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