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Question 5 4.5 pts XYZ Company purchased a new machine on Ja nuary 1, 2023 for $320,000. The machine had an 8-year life and a

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Question 5 4.5 pts XYZ Company purchased a new machine on Ja nuary 1, 2023 for $320,000. The machine had an 8-year life and a $5,000 s alvage value assigned to it. Calculate the book value of the machine a t December 31, 2026 assuming the company will depreciate the machine using the double-declining balance depreciation method

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