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Supreme Fitness Club uses straight-line depreciation for a machine costing $30,150, with an estimated four-year life and a $2,050 salvage value. At the beginning of
Supreme Fitness Club uses straight-line depreciation for a machine costing $30,150, with an estimated four-year life and a $2,050 salvage value. At the beginning of the third year, Supreme determines that the machine has three more years of remaining useful life, after which it will have an estimated $1,600 salvage value. |
Complete the below table to calculate the machines book value at the end of its third year. |
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