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Summer leisure Unlimited purchased a color laser printer for $1,194. Delivery costs totaled $47 and handling costs were $77. The useful life is 5 years
Summer leisure Unlimited purchased a color laser printer for $1,194. Delivery costs totaled $47 and handling costs were $77. The useful life is 5 years and the salvage value is $298. Using the sum-of-the-years' digit depreciation method, calculate the book value at the end of year 2.
a. $706
b. $582
c. $408
d. $612
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