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calculation of Book Value On June 1,20--, a depreciable asset was acquired for $5,520. The asset...

calculation of Book Value

On June 1,20--, a depreciable asset was acquired for $5,520. The asset has an estimated useful life if five years (60 month's) and no salvage value. Using the straight line depreciation method, calculate the book value as of Dec 31, 20--. If necessary, round your anssea to two decimal places.

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