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What is the book value at December

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Question - Erickson, Inc. purchased printing press at a cost of $500,000 on January 1, 2021.  The equipment has an estimated residual value of $15,000 and an estimated life of 8 years. If Erickson, Inc. uses the straight-line method, what is the book value at December 31, 2024 (end of fourth year)?

Reference no: EM133087140

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