Mohr Company purchases a machine at the beginning of the year at a cost of $24,000. The
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Mohr Company purchases a machine at the beginning of the year at a cost of $24,000. 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:
- $20,000.
- $12,000.
- $16,000.
- $8,000.
- $4,000.
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