Calculate book value-further expected to have salvage value

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And asset will cost $1,989 when purchased this year. It is further expected to have a salvage value of $243 at the end of its 9-year depreciable life. Calculate the book value at the end of year 2 using method #2. Provide the answer with two decimal place precision. (Note: method #1 is straight line, method #2 is double declining balance, both classical none MACRS).

Reference no: EM13773043

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