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Question 22 (4 points) A new piece of equipment has an installed cost of $97,000. An increase in net working capital of $5,000 at the
Question 22 (4 points) A new piece of equipment has an installed cost of $97,000. An increase in net working capital of $5,000 at the project start up is also projected. If the equipment is depreciated using the straight line method of depreciation, over a 6 year life, what is the amount of depreciation expense taken per year? [If needed, round your answer to two decimal places.] Your
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