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Alexandra Industries Inc. purchased a machine for $45,000 on March 1, 2014. It estimates that its residual value is $11,000, its useful life is 5

Alexandra Industries Inc. purchased a machine for $45,000 on March 1, 2014. It estimates that its residual value is $11,000, its useful life is 5 years. What is the Net Book Value on December 31, 2015?

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