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XYZ Company purchased an asset for $41,888. It cost $2,031 in freight costs to get it to their loading dock. They also had $3,655 in

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XYZ Company purchased an asset for $41,888. It cost $2,031 in freight costs to get it to their loading dock. They also had $3,655 in installation costs. Salvage value is estimated to be $10,818 and the useful life is 10 years. What is net book value at the end of year 5 ? (use straight-line depreciation)

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