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Ayayai Co. purchased a machine on January 1, 2024, for $23000. The machine had an estimated useful life of 10 years and an estimated residual

Ayayai Co. purchased a machine on January 1, 2024, for $23000. The machine had an estimated useful life of 10 years and an estimated residual value of $2600. If Ayayai Co. used the straight-line method of depreciation, what would the carrying value of the machine be at the end of 2024? $18400 $20700 $20960 $18660

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