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Required information

Jobe Concrete Products placed a new sand sifter into production $3$ years ago. It had an installed cost of $$100,000,$ a life of

$5$ years, and an anticipated salvage of $$20,000.$ Book depreciation charges for the $3$ years are $$38000,$$$24000,$ and

$$10000,$ respectively.

Determine the book value after $2$ years.

The book value is determined to be $