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On August 1,20x1, Acme Corp. purchased equipment for $58,858 with an estimated salvage value of $6,896 at the end of its estimated life of 7

On August 1,20x1, Acme Corp. purchased equipment for $58,858 with an estimated salvage value of $6,896 at the end of its estimated life of 7 years. At the time of disposal, the book value of the equipment is Round to the nearest penny

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