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Saints Company purchased a machine on January 1, 2021 for a cost of $69,000, and estimated the salvage value to be $9,000. Using double declining

Saints Company purchased a machine on January 1, 2021 for a cost of $69,000, and estimated the salvage value to be $9,000. Using double declining balance method of depreciation and an estimated useful life of five years, determine the book value of the machine on January 1, 2023

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