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Frey, Inc. purchased a machine for $450,000 on January 2, 2017. The machine has an estimated useful life of 4 years and a salvage value

Frey, Inc. purchased a machine for $450,000 on January 2, 2017. The machine has an estimated useful life of 4 years and a salvage value of $50,000. The machine is being depreciated using the sum-of-the-years'-digits method. The December 31, 2019 asset balance, net of accumulated depreciation, should be:

Select one:

a.

$40,000

b.

$45,000

c.

$170,000

d.

$90,000

e.

$120,000

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