Consider an asset that costs $650,000 and is depreciated straight-line to zero over its 8-...
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Consider an asset that costs $650,000 and is depreciated straight-line to zero over its 8- year tax life. The asset is to be used in a 6-year project; at the end of the project, the asset can be sold for $123,000. What is the book value of the equipment at the end of the 6 years? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) Answer is complete but not entirely correct. Book value $ -9,085
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