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Compute the book value at the end of the fourth year

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Question - Lewiswhite Farms uses the sum-of-the-years-digits method of depreciation. A farm tractor costing $40,000 has an estimated life of ten years and an estimated scrap value of $1,000.

Refer to Lewiswhite Farms. Compute the book value at the end of the fourth year. (Round depreciation amounts to the nearest dollar.)

Reference no: EM132529388

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