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A machine that cost $120,000 has an estimated residual value of $12,000 and an estimated useful life of four years. The company uses double-declining-balance depreciation.

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A machine that cost $120,000 has an estimated residual value of $12,000 and an estimated useful life of four years. The company uses double-declining-balance depreciation. Calculate its book value at the end of year 3. (Do not round intermediate calculations.) Value nts 04 15.29

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