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Pryce Company owns equipment that cost $73,500 when purchased on January 1, 2011. It has been depreciated using the straight-line method based on estimated salvage

Pryce Company owns equipment that cost $73,500 when purchased on January 1, 2011. It has been depreciated using the straight-line method based on estimated salvage value of $5,500 and an estimated useful life of 5 years.

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