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Compute the book value at the end of the third year

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Question - A legal office using the straight-line method of depreciation purchased office furniture costing $36,000 and put it into use May 1. The furniture is expected to have a useful life of 10 years and an estimated resale value of $2,400.

Compute the book value at the end of the third year.

Reference no: EM131643552

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