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SFM: A property that is book-depreciated over a 10-year period by the Sinking Fund Method has $41,860.61 book value on the 6th year with a

SFM: A property that is book-depreciated over a 10-year period by the Sinking Fund Method has $41,860.61 book value on the 6th year with a depreciation charge of $3,960.40 per year. Determine the assumed salvage value of the property at i=12%.

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