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Please Answer the following question, No additional graph/data available. Question 3 A luxury limo car company has a 2-year-old car with a current book value

Please Answer the following question, No additional graph/data available.

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Question 3 A luxury limo car company has a 2-year-old car with a current book value of $98,000. The company's uses Declining Balance method to calculate book depreciation with a rate of 30%. AJ What was the original price of the car? BJ What will be its book value 3 years from now? CJ If the company decided to use the straight-line depreciation method form now on, knowing that the salvage value 5 years from now is zero. What's the book value 3 years from now? Note: The half-year rule only applies to tax depreciation (not in this question)

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