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Calculate the equipment beck value at the end

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Question - On January 1, 2019, Gracie Cc. purchased $16,000 of equipment. The company estimates the equipment to have a useful life cf 5 years and a salvage value of $2,000. Assume the company uses straight-line depreciation. Calculate the equipment's beck value at the end of 2021.

Reference no: EM133170049

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