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Find the net book value of the equipment

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Reference no: EM133038240

Question - Agrokinsey Inc. acquires a new piece of equipment in the beginning of 2016 at a cost of €20,000. The company estimates that the equipment's useful life is 10 years and its salvage value €4,000. Agrokinsey follows the straight-line depreciation method. Find the net book value of the equipment after 2 years (end of 2017)?

Reference no: EM133038240

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