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What will be the book value at the end of year three

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Question - Jordan has purchased a new piece of equipment for his shop to meet the requirements of new orders. The machine cost him $18,200 Euros. He expects it will have a salvage value in 5 years of $2,000 Euros. He has elected to use straight-line depreciation. What will be the book value at the end of year 3?

Reference no: EM133037573

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