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An automobile purchased for use by the manager of a firm at

Linear Depreciation of an Automobile: An automobile purchased for use by the manager of a firm at a price of $24,000 is to be depreciated using the straight-line method over 5 years. What will be the book value of the automobile at the end of 3 years? (assume that the scrap value is $0.)

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Mathematics: An automobile purchased for use by the manager of a firm at

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