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Jim Company bought a machine for $49,000 with an estimated Iffe of 6 years. The residual value of the machine Is $7,000. Assume straight-line depreclation.

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Jim Company bought a machine for $49,000 with an estimated Iffe of 6 years. The residual value of the machine Is $7,000. Assume straight-line depreclation. a. Calculate the annual depreciation. b. Calculate the book value at the end of year 3

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