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CALCULATION OF BOOK VALUE On June 1, 20--, a depreciable asset was acquired for $6,840

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CALCULATION OF BOOK VALUE

On June 1, 20--, a depreciable asset was acquired for $6,840. The asset has an estimated useful life of six years (72 months) and no salvage value. Using the straight-line depreciation method, calculate the book value as of December 31, 20--.