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On June 1, 20--, a depreciable asset was acquired for $5,400. The asset has an...

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Accounting

On June 1, 20--, a depreciable asset was acquired for $5,400. The asset has an estimated useful life of five years (60 months) and no salvage value.

Using the straight-line depreciation method, calculate the book value as of December 31, 20--. If necessary, round your answer to two decimal places.

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