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the company purchased equipment on July 1 2019 for 38,0000 and paid an additional $2,000 to have it properly installed. residual value is $5000 and

the company purchased equipment on July 1 2019 for 38,0000 and paid an additional $2,000 to have it properly installed. residual value is $5000 and the estimated life is 5 years?

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