Question: What is the year 1 end-of-year book value for a piece of farm equipment that cost $45,000, with a salvage value of $8,000 at the

What is the year 1 end-of-year book value for a piece of farm equipment that cost $45,000, with a salvage value of $8,000 at the end of 6 years? Use the sum-of-the-years'-digits method to calculate your answer.

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