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Ivanhoe Company bought a machine on January 1, 2022. The machine cost $ 124000 and had an expected salvage value of $ 28000. The life

Ivanhoe Company bought a machine on January 1, 2022. The machine cost $ 124000 and had an expected salvage value of $ 28000. The life of the machine was estimated to be 5 years. The book value of the machine at the beginning of the third year would be?

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