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A firm bought a machine for $3,200. It is to be depreciated at a rate of 25% using the reducing balance method. What would be

A firm bought a machine for $3,200. It is to be depreciated at a rate of 25% using the reducing balance method.

What would be the remaining book value after two years? Select one: a. $2 400 b. $2 600 c. $1 800 d. $1 600

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