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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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