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Compute the book value at the end of the second year

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Question - A publisher using the sum-of-the-years-digits method of depreciation purchased office furniture costing $36,000 and put it into use May 1. The furniture is expected to have a useful life of 10 years and an estimated resale value of $2,400.

Compute the book value at the end of the second year. Round depreciation amounts to the nearest dollar.

Reference no: EM131643557

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