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Question 17 A business purchased a machine for $750,000. The expected life of the machine is five years and the straight line depreciation rate is

Question 17

A business purchased a machine for $750,000. The expected life of the machine is five years and the straight line depreciation rate is 20%. The machine is expected to have a residual value of $10,000.

$450,000

$590,000

$440,000

$602,000

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