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On June 1, 2022, Levine Company purchased three machines for $540,000. The following information is available concerning the property purchased: Current Market Value Machine A

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On June 1, 2022, Levine Company purchased three machines for $540,000. The following information is available concerning the property purchased: Current Market Value Machine A $179,200 Machine B $207,200 Machine C $173,600 Before the property could be used, Turner had to spend $28,000 to put Machine B in working order and $19,000 to put Machine C in working order. Assume Machine C was assigned a 15-year life, a $5,500 residual value, and was being depreciated using the straight-line method. ac using the str Calculate the book value of Machine C at December 31, 2028

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