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What is the net book value of an asset, as reported on the balance sheet at the end of year 3, if the asset was
What is the net book value of an asset, as reported on the balance sheet at the end of year 3, if the asset was purchased for $2,000,000 and has been depreciating using the following schedule?
Year 1 |
20% |
Year 2 | 32% |
Year 3 | 19.2% |
Year 4 | 11.52% |
Year 5 | 11.52% |
Year 6 | 5.76% |
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