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Machinery is purchased for $ 8 0 , 0 0 0 . It is estimated that it has a useful life of 5 years and

Machinery is purchased for $80,000. It is estimated that it has a useful life of 5 years and a residual value of $5,000. Using the straight-line method, the carrying value of the machine at the end of the fourth year of the machine's useful life is:
$15,000
$20,000
$60,000
$80,000

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