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CVM Incorporated bought a machine for $22,000. Its estimated life is 4 years with a residual value of $1,000. Using the straight-line method, what is

CVM Incorporated bought a machine for $22,000. Its estimated life is 4 years with a residual value of $1,000. Using the straight-line method, what is the book value of the machine at the end of year 2

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