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What was the equipments net book value at the end

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Question 1: Mountain Micro, Inc. uses the sum-of-years'-digits method of depreciation. Mountain Micro purchased production equipment for $6,800,000 on January 1, 2017. The equipment's estimated useful life is seven years with a $500,000 salvage value. Assume these estimates are not altered over the years. What was the equipment's net book value at the end of 2019?

Reference no: EM132503315

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