May's Diner purchases new tables for $5,000 on January 1 , 2003. The tables are expected to

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May's Diner purchases new tables for $5,000 on January 1 , 2003. The tables are expected to have a 10-

year useful life and a $500 salvage value. What would be the net book value of the tables on December 31,2005?

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Financial Accounting

ISBN: 9780070891739

1st Canadian Edition

Authors: Robert Libby

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