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Kim's office machine was purchased on July 1, 2014, for $500.00. The life of the machine is estimated at 4 years with salvage value of

Kim's office machine was purchased on July 1, 2014, for $500.00. The life of the machine is estimated at 4 years with salvage value of $60.00. If depreciation is figured on the straight-line method, the reserve for depreciation of the machine on December 31, 2016, would show a credit balance of ?

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