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Mohr Company purchases a machine at the beginning of the year at a cost of $35,000. The machine is depreciated using the straight line method

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Mohr Company purchases a machine at the beginning of the year at a cost of $35,000. The machine is depreciated using the straight line method The machine's useful life is estimated to be 5 years with a $4,000 salvage value. The book value of the machine at the end of year 2 is: Multiple Choice $18,600 $12,400 $31.000 $6,200 $22.600

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