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Rolex Watch Company

Rolex Watch Company uses the straight-line method of depreciation. A new lathe costing $222,500 has an estimated life of five years and an estimated scrap value of $8,500.


Refer to Rolex Watch Company. Compute the book value of the equipment at the end of the third year.
Textbook 
Contemporary Business Mathematics for Colleges

Contemporary Business Mathematics for Colleges


Edition: 16th
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