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A machine that cost $770,000 has an estimated residual value of $70,000 and an estimated useful life of seven years. The company uses straight-line depreciation.
| A machine that cost $770,000 has an estimated residual value of $70,000 and an estimated useful life of seven years. The company uses straight-line depreciation. Calculate its book value at the end of year 6.(Do not round intermediate calculations.) |
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Fundamentals of Financial Accounting
Authors: Fred Phillips, Robert Libby, Patricia Libby
5th edition
