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A company purchases a machine for its manufacturing facility for $90,000, incurred 20,000 on installation, 5000 on legal formalities and paid 5000 freight. The residual

A company purchases a machine for its manufacturing facility for $90,000, incurred 20,000 on installation, 5000 on legal formalities and paid 5000 freight. The residual value of asset is 20,000. The machinery is estimated to have a useful life of 5 years. What is the value of asset in 5th year

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