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Sun Inc. purchased a new machine at the beginning of the year at a cost of $670,000. The estimated residual value was $18,500. Assume that

Sun Inc. purchased a new machine at the beginning of the year at a cost of $670,000. The estimated residual value was $18,500. Assume that the estimated useful life was five years, and the estimated productive life of the machine was 455,000 units. Actual annual production was as follows:

Year Units
1 82,000
2 83,670
3 87,540
4 91,500
5 93,250

What is the net book value of the machine at the end of year 5 under 150% declining balance method depreciation?

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