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Question 8 (5 points) For your business, you purchased the special stationary drill for $100,000. This asset is depreciated over a 7-year period, and it
Question 8 (5 points) For your business, you purchased the special stationary drill for $100,000. This asset is depreciated over a 7-year period, and it is expected to have a $5,000 estimated market value at the end of the 7 years. Using the SOYD method, what is the book value in year 4? a) Between $35,200 and $35,500 Ob) Between $25,200 and $25,500 c) None of the answers are correct Od) Between $45,200 and $45,500 e) Between $38,700 and $40,000 f) Between $28,700 and $29,000
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