On January 1, 2019, Gracie Co. purchased $16,000 of equipment. The company estimates the equipment...
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Accounting
On January 1, 2019, Gracie Co. purchased $16,000 of equipment. The company estimates the equipment to have a useful life of 5 years and a salvage value of $2.000. Assume the company uses straight-line depreciation. Calculate the equipment's book value at the end of 2021
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