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A machine that cost $340,000 has an estimated residual value of $34,000 and an estimated useful life of four years. The company uses double-declining-balance depreciation.

A machine that cost $340,000 has an estimated residual value of $34,000 and an estimated useful life of four years. The company uses double-declining-balance depreciation. Required: Calculate its book value at the end of year 3. (Do not round intermediate calculations.) Book Value

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