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Calculate the book value of a two-year-old machine that cost $300,000, has an estimated residual value of $50,000, and has an estimated useful life of

Calculate the book value of a two-year-old machine that cost $300,000, has an estimated residual value of $50,000, and has an estimated useful life of 20,000 machine hours. The company uses units-of-production depreciation and ran the machine for 3,000 hours in year 1 and 8,000 in year 2. What is the book value after 2 years

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