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Posted on Aug 04, 2024

A machine that cost $ 7 4 0 , 0 0 0 has an estimated residual value of $ 5 6 , 0 0 0

A machine that cost $

740, 000

has an estimated residual value of $

56, 000

and an estimated useful life of six years. The company uses straight

-

line depreciation.

Required:

Calculate its book value at the end of Year

4 .

Note: Do not round intermediate calculations.

Book Value

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