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On June 1, 20 a depreciable asset was acquired for 5520. The asset has an estimated useful life of 5 years and no salvage value.

On June 1, 20 a depreciable asset was acquired for 5520. The asset has an estimated useful life of 5 years and no salvage value. using the straight line depreciation method calculate the book value as of December 31 20. If necessary round answer to two decimal places

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