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Using the Declining Balance Method for depreciation calculate the book value at end year 3 for a plant item having a purchase price $150000, residual

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Using the Declining Balance Method for depreciation calculate the book value at end year 3 for a plant item having a purchase price $150000, residual value $11000 and useful life of 7 years. (Round your answer to the nearest one hundred dollars, e.g. $10673.79=10700. Do not include the $ sign or any spaces or commas.)

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