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Ib-32H Company purchased a machine on January 1, 2033 costing $122,000. The machine had a 10 year life and a $1,150 residual value. Ib-32H Company

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Ib-32H Company purchased a machine on January 1, 2033 costing $122,000. The machine had a 10 year life and a $1,150 residual value. Ib-32H Company uses the double-declining balance method to record depreciation on its assets. Calculate the book value of the machine at December 31, 2035

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