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1.A company bought a machine for USD 100,000 and spent USD 14,000 for the installation. If the salvage value is 15% of the cost of

1.A company bought a machine for USD 100,000 and spent USD 14,000 for the installation. If the salvage value is 15% of the cost of the machine at the end of 7 years, find the book value after four years using the straight line method. What should be the depreciation charge on the sixth year?

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