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A company that manufactures pulse Doppler insertion flow meters uses the Straight Line method for book depreciation purposes. Newly acquired equipment has a first cost

A company that manufactures pulse Doppler insertion flow meters uses the Straight Line method for book depreciation purposes. Newly acquired equipment has a first cost of $190,000 with a 3-year life and a $17,500 salvage value. Determine the depreciation charge and a book value for year 1. The depreciation charge is $ . The book value for year 1 is determined to be $ .

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