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15) On January 1, 2020, XYZ Company purchased a machine for $1,000,000. The machine has an estimated useful life of eight years and the salvage
15) On January 1, 2020, XYZ Company purchased a machine for $1,000,000. The machine has an estimated useful life of eight years and the salvage value was estimated to 5 be $50,000. Depreciation was computed using the sum-of-the-years'-digits method. What amount should be shown as the book value of the machine at December 31, 2021
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