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Amachine that cost $680.000 has an estimated residual value of $10,000 and an estimated useful life of eight years. The company uses straight line depreciation.

Amachine that cost $680.000 has an estimated residual value of $10,000 and an estimated useful life of eight years. The company uses straight line depreciation. Calculate its book value at the end of year 7 (Do not round intermediate calculations.)

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