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Calculate the book value at the end of year

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Lazer Incorporated purchased a delivery van for $29,000. Its useful life is estimated as 5 years, with a salvage value of $2,000. Using the sum-of-the-years' digits depreciation method, calculate the book value at the end of year 3.

  • $5,400
  • $7,400
  • $12,800
  • $21,600

Reference no: EM131319766

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