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A piece of equipment is purchased for $29,000. It is expected to last 7 years...

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Accounting

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A piece of equipment is purchased for $29,000. It is expected to last 7 years and has a salvage value of $6,000. At i-11%,what is the annual capital cost of that piece of equipment? $5,141.98 $4,880.95 $5,940.97 $5,540.95

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