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XYZ Company purchased an asset for $31033. It cost $2598 in freight costs to get it to their loading dock. They also had $3957 in

XYZ Company purchased an asset for $31033. It cost $2598 in freight costs to get it to their loading dock. They also had $3957 in installation costs. Salvage value is estimated to be $4483 and the useful life is 10 years. What is net book value at the end of 10 years? Correct answer: 4483

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