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A machine has an initial cost of $105,000 and a salvage value of $8,000 after 10 years of use. What is the book value after

A machine has an initial cost of $105,000 and a salvage value of $8,000 after 10 years of use. What is the book value after five years using straight-line depreciation?

$8,000
$35,000
$48,500
$56,500

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