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A machine purchased on 1st October 2015 cost $720,000 and has a $120,000 estimated salvage value. The useful life of the machine is five years.

A machine purchased on 1st October 2015 cost $720,000 and has a $120,000 estimated salvage value. The useful life of the machine is five years.

a) What is the balance of accumulated depreciation as at 31st December 2016.

b) What would be its carrying value on 30th June 2017

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