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What is the book value of the asset on december

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Reference no: EM132508838

Point 1: XYZ Industries purchased a new asset on March 31, 2020. The cost of the asset was 140,000, with an estimated useful life of 8 years, and a salvage value of $15,000. XYZ uses the sum-of-the-years-digits method to depreciate the asset.

Question 1: What is the book value of the asset on December 31, 2022?

72,917

67,709

72,291

74,027

67,083

118,299

65,973

Reference no: EM132508838

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