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  3. the hankin corporation purchased new production eq

The Hankin Corporation purchased new production equipment on September 1, 2017 for $14,000 and expects...

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Accounting

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The Hankin Corporation purchased new production equipment on September 1, 2017 for $14,000 and expects to use it for 8 years at which time it can be sold for an estimated $2,000. What net book value should appear for the equipment in the company's year-end financial statements for 2019? As needed, round your final answer to the nearest whole dollar

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