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Jim Company bought a machine for $37,800 with an estimated life of 6 years. The residual value of the machine is $5,400. Assume straight-line depreciation

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Jim Company bought a machine for $37,800 with an estimated life of 6 years. The residual value of the machine is $5,400. Assume straight-line depreciation a. Calculate the annual depreciation Annual depreciation Book References b. Calculate the book value at the end of year 3. Book value

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