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A firm plans to sell its current machine and buy a new one. The new machine costs $ 3 0 0 , 0 0 0

A firm plans to sell its current machine and buy a new one. The new machine costs $300,000 and will have straight-line depreciation for 10 years. The current machine has a remaining book value of $50,000 but could be sold at a market price of $100,000. The firm's tax rate is 40%.
2. After purchasing the new machine for EIGHT years, the remaining book value of the machine is:

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