Present value of the barn at the time of the fire

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A farmer had a barn that was burned in a fire and had been built two years prior to the fire. the useful life of the barn was 35 years, cost was $35,000, and salvage value is $0. if the insurance company is going to pay for the present value of the barn at the time of the fire, how much will the farmer receive? show your work.

Reference no: EM131063487

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