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viscosity sensing instrument costs $46,000 and has a $5500 salvage value with a 7-year recovery period. The estimated annual operating cost is $3000 per year.

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viscosity sensing instrument costs $46,000 and has a $5500 salvage value with a 7-year recovery period. The estimated annual operating cost is $3000 per year. Use classical straight line depreciation to calculate the book value at the end of year 6. (25 points)

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