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On January 1, 2018, Sanderson, Inc. acquired a machine for $1,130,000. The estimated useful life of the asset is five years. Residual value at the

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On January 1, 2018, Sanderson, Inc. acquired a machine for $1,130,000. The estimated useful life of the asset is five years. Residual value at the end of five years is estimated to be $71,000. What is the book value of the machine at the end of 2019 if the company uses the straight - line method of depreciation? A. $706,400 B. $635,400 C. $677,996 D. $678,000

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