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Question 2 (2 points) Quigley, Inc. purchased a machine 11 years ago for $4,800,000. The machine is being depreciated on a straight-line basis to a

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Question 2 (2 points) Quigley, Inc. purchased a machine 11 years ago for $4,800,000. The machine is being depreciated on a straight-line basis to a salvage value of $1,000,000 over its estimated useful life of 10 years. What is the current book value of this machine? $3,800,000 $1,700,000 $1,000,000 $800,000 $0

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