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QUESTION 21 Blue Moon Company purchased a machine on January 1, 2016 for $120,000, with a 5-year life, and a $12,000 residual life. Compute the

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QUESTION 21 Blue Moon Company purchased a machine on January 1, 2016 for $120,000, with a 5-year life, and a $12,000 residual life. Compute the book value of the machine on December 31, 2018 if the company uses the double-declining balance method of depreciation. A. $48,000 B. $25,920 OC. $21,600 OD. $20,000

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