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On January 1, 2020, Sunland Company purchased a new machine for $4300000. The new machine has an estimated useful life of nine years and
On January 1, 2020, Sunland Company purchased a new machine for $4300000. The new machine has an estimated useful life of nine years and the salvage value was estimated to be $142000. Depreciation was computed using the sum-of-the-years'-digits method. What amount should be shown in Sunland's balance sheet at December 31, 2021, net of accumulated depreciation, for this machine? $3468400 $2636800 $4158000 $2729200
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