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M9-4 Computing Book Value (Straight-Line Depreciation) [LO 9-3] A machine that cost $400,000 has an estimated residual value of $40,000 and an estimated useful life

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M9-4 Computing Book Value (Straight-Line Depreciation) [LO 9-3] A machine that cost $400,000 has an estimated residual value of $40,000 and an estimated useful life of four years. The company uses straight-line depreciation. Calculate its book value at the end of year 3. (Do not round intermediate calculations.) Book Value

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