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An equipment is purchased for $160,000 and has an estimated salvage value of $10,000 at...

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Accounting

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An equipment is purchased for $160,000 and has an estimated salvage value of $10,000 at the end of the recovery period. Its book value after one year using 200% declining - balance method with a recovery period of five years. $60,000 $100,000 $96,000 $64,000

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