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You purchased a car which cost you $ 3 5 , 0 0 0 . The tax office allows a six - year depreciable life.

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You purchased a car which cost you $35,000. The tax office allows a six-year depreciable life. The estimated salvage value of the car is $5,000 at the end of six years.
Calculate:
1) The annual depreciation amounts using the Straight Line (SL) method.
2) The book value of the car at the end of each year.
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