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company bought a new machine for its warehouse on january 1 paid 10,000 $ in cash financed the rest of the purchase price via a

company bought a new machine for its warehouse on january 1 paid 10,000 $ in cash financed the rest of the purchase price via a 30,000 $ 5 year note incurred a separate 2000$ setup charge monthly depreciation is 500$ ( 6000$ annual) what is the book value of the new machine on december 31

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