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Part II: Multiple choice (2.5 marks, 0.5 each) (ILO's: ALBI, CI) 1. Marxa purchased a laptop two years ago that was recently stolen. A similar

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Part II: Multiple choice (2.5 marks, 0.5 each) (ILO's: ALBI, CI) 1. Marxa purchased a laptop two years ago that was recently stolen. A similar laptop computer today can be purchased for $1400. Assuming that the laptop was 40 percent depreciated at the time the theft occurred, what is the actual cash value of the loss? a $480 b. $560 c. S840 d. $1,960

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