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Martin Company purchases a machine at the beginning of the year at a cost of $105,000. The machine is depreciated using the double-declining-balance method. The

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Martin Company purchases a machine at the beginning of the year at a cost of $105,000. The machine is depreciated using the double-declining-balance method. The machine's useful life is estimated to be 4 years with a $8,750 salvage value. The machine's book value at the end of year 3 is

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