Question 17 (10 points) A bus is purchased for $41,000. The shipping cost was $740...
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Question 17 (10 points) A bus is purchased for $41,000. The shipping cost was $740 and adjustments to the engine cost $3,010. Hiring the full-time driver costs $20,000. The salvage value is estimated to be $5,000 and the useful life is estimated to be 5 years. The bus is estimated to also be useful for 250,000 miles. Using the straight line depreciation method, calculate the ending book value at the end of year 2
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