A company has decided to purchase new office furniture with, Financial Management

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A company has decided to purchase new office furniture with

A company has decided to purchase new office furniture with a useful life of 12 years for $100,000. Sales tax for the furniture was $6,000, and inbound transportation costs were $4,000. Its estimated salvage value at the time is expected to be $5,000. Using the MACRS depreciation method, if the furniture is sold in year five, the book value at the end of year five will be:

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