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On January 1, 2025, Marigold Company purchased a new machine for $4250000. The new machine has an estimated useful life of nine years, and the
On January 1, 2025, Marigold Company purchased a new machine for $4250000. The new machine has an estimated useful life of nine years, and the salvage value was estimated to be $155000. Depreciation was computed using the sum-of-the-years'-digits method. What amount should be reported on Marigold's balance sheet at December 31, 2026, net of accumulated depreciation, for this machine? $2519050$2645348$3431000$2703000
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