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Q4. 7 - 10.00 - 3.476.2374 2494.043 14 Marks An electronic device was purchased 6 years ago (2013) at a cost of $70,000. The device

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Q4. 7 - 10.00 - 3.476.2374 2494.043 14 Marks An electronic device was purchased 6 years ago (2013) at a cost of $70,000. The device uses the Declined Balanced (DB) Depreciation method over an expected life of 10 years, with an estimated salvage of $5,000. If the device will be sold this year (2019) for $13,000. The difference in the amount, between the Book Value and the selling price ($13,000) is

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