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Part A:Lambton Company purchased equipment in 2021 for $75,000 andestimated an $3,000 residual value at the end of the equipment's8-year useful life. At December 31,

Part A:Lambton Company purchased equipment in 2021 for $75,000 andestimated an $3,000 residual value at the end of the equipment's8-year useful life. At December 31, 2027, there was $63,000 in the 2 answers

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