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9) please answer this question correctly Disposal of Fixed Asset Equipment acquired on January...

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Accounting

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9)

please answer this question correctly

Disposal of Fixed Asset Equipment acquired on January 6 at a cost of $241,500 has an estimated useful life of 7 years and an estimated residual value of $31,500. a. What was the annual amount of depreciation for Years 1-3 using the straight-line method of depreciation? b. What was the book value of the equipment on January 1 of Year 4

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