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A machine is purchased on April 1, Year 1 for $95,000. It has a salvage value of $5,000 and a useful life of 5 years.

A machine is purchased on April 1, Year 1 for $95,000. It has a salvage value of $5,000 and a useful life of 5 years. It is expected to produce 1,800,000 units of product during its life. Use this information to answer the question below. If the machine is depreciated using double declining balance, what is the book value at 12/31/year 3?

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