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Martha Run buys a new duplicating machine for $22396 with a residual value of $2,000. Its estimated life is 5 years. Calculate the book value

image text in transcribed Martha Run buys a new duplicating machine for $22396 with a residual value of $2,000. Its estimated life is 5 years. Calculate the book value at the end of year 1, assuming twice the straight-line rate. Moving to another question will save this response

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