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Question 6 On January 1, 2019, ABC Company paid $235,000 to buy three pieces of machinery. The fair market values of the machines on the

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Question 6 On January 1, 2019, ABC Company paid $235,000 to buy three pieces of machinery. The fair market values of the machines on the purchase date were: Machine A ..... Machine B Machine C .... $80,850 $98,000 $66,150 Before the machines could be used, ABC Company had to spend $15,000 to get Machine B in working order. Machine B was assigned a $5,000 residual value and a 10-year life. Machine B will be depreciated using the straight-line depreciation method. Calculate the book value of Machine B at December 31, 2025. Question 7 ABC Company opened a savings account on January 1, 2020 by depositing $38,000. ABC Company intends to deposit $17,000

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