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Zimmer Company owns an executive plane that originally cost $ 2 , 8 1 6 , 0 0 0 . It has recorded straight line
Zimmer Company owns an executive plane that originally cost $ It has recorded straightline depreciation on the plane for seven full years, calculated assuming a $ expected salvage value at the end of its estimated year useful life. Zimmer disposes of the plane at the end of the seventh year.
a At the disposal date, what is the cumulative depreciation expense and net book value of the plane?
Cumulative depreciation expense :
Net book value:
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