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A dental office using the straight-line method of depreciation purchased equipment costing $72,000 and put...

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Accounting

A dental office using the straight-line method of depreciation purchased equipment costing $72,000 and put it into use June 1. The equipment is expected to have a useful life of ten years and an estimated resale value of $4,800. Compute the book value at the end of the third year.

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