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Question 44 1.5 Jones Enterprises purchased equipment for $75,000 on January 1, 2021. The equipment is expected to have a five-year service life, with

Question 44 1.5 Jones Enterprises purchased equipment for $75,000 on January 1, 2021. The equipment is expected to have a five-year service life, with a residual value of $5,000 the end of five years. Using the straight-line method, the book value at December 31, 2021, would be: O $14,000. $56,000. 0 $61,000. $75,000. vious

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