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A machine that cost $780,000 has an estimated residual value of $60,000 and an estimated useful life of six years. The company uses straight-line depreciation.

A machine that cost $780,000 has an estimated residual value of $60,000 and an estimated useful life of six years. The company uses straight-line depreciation. Calculate its book value at the end of year 5. What's the book value?

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