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20. Quinlan Electric purchases machinery for $220,000 that is to be depreciated at straight-line depreciation for 5 years. The estimated residual value of the machine

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20. Quinlan Electric purchases machinery for $220,000 that is to be depreciated at straight-line depreciation for 5 years. The estimated residual value of the machine after 5 years is estimated at $20,000. What is the book value of the asset after 2 years? O $80,000 $120,000 $140,000 O $160,000

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