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Save Mohr Company purchases a machine at the beginning of the year at a cost of $24,000. The machine is depreciated using the straight-line method.

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Save Mohr Company purchases a machine at the beginning of the year at a cost of $24,000. The machine is depreciated using the straight-line method. The machines useful life is estimated to be 5 years with a $4.000 salvage value. The book value of the machine at the end of year 2 is: Multiple Choice $4,000, $20.000 $8,000 $12.000 $16.000

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