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On January 1, 2026, Betty DeRose, Inc. purchased a machine for $128,000. The machine had an estimated useful life of eight years and a

On January 1, 2026, Betty DeRose, Inc. purchased a machine for $128,000. The machine had an estimated useful life of eight years and a salvage value of $4,700. Assume Betty DeRose depreciates its assets using the sum-of the-years-digits' method of depreciation. Calculate the machine's book value at December 31, 2029.

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