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On January 1, 2017, Betty DeRose, Inc. purchased a piece of machinery for $170,000. The machine had an estimated useful life of 10 years and

On January 1, 2017, Betty DeRose, Inc. purchased a piece of machinery for $170,000. The machine had an estimated useful life of 10 years and a salvage value of $5,000. Assume Betty DeRose depreciates its assets using the sum-of-the-years-digits' method of depreciation. Calculate the book value of the machine at December 31, 2019.

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