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Required: A machine that cost $390,000 has an estimated residual value of $30,000 and an estimated useful life of six years. The company uses straight-line

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Required: A machine that cost $390,000 has an estimated residual value of $30,000 and an estimated useful life of six years. The company uses straight-line depreciation. Calculate its book value at the end of year 5 . (Do not round intermediate calculations.)

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