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old machine has a cost of $44.000, an residual value of $2,400, and an estimated useful lite of 32,000 machine hours. The company uses depreciation

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old machine has a cost of $44.000, an residual value of $2,400, and an estimated useful lite of 32,000 machine hours. The company uses depreciation and ran the machine 5,000 hours in year 1; 7,550 hours in year 2; and 8,100 hours in year 3 Calolate the net book value at the end of the third year

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