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On January 1. Yenr 1, the City Taxi Company putchased a new taxi cab for $12.000. The cab thas sn espected wativge volye of 52.000.

On January 1. Yenr 1, the City Taxi Company putchased a new taxi cab for $12.000. The cab thas sn espected wativge volye of 52.000. The cerpany and the book vatue of the taxi, respectively, at the end of Year 2

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