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Solve the Problem. -A Drill Press Cost $5,000 and Has an Estimated Life

Question 22

Multiple Choice

Solve the problem.
-A drill press cost $5,000 and has an estimated life of 8 years and a scrap value of $300. Find the
Book value at the end of 6 years using the straight-line method. Round to nearest dollar.


A) $4,413
B) $3,525
C) $1,250
D) $1,475

Correct Answer:

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