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Mohr Company purchases a machine at the beginning of the year at a cost of $29,000. The machine is depreciated using the double-declining-balance method. The

Mohr Company purchases a machine at the beginning of the year at a cost of $29,000. The machine is depreciated using the double-declining-balance method. The machines useful life is estimated to be 5 years with a $7,000 salvage value. The machines book value at the end of year 2 is:

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