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The book value of a machine after 7 years is $ 3 7 , 5 0 0 . The machine has a 1 0 year

The book value of a machine after

7

years is $

37, 500 .

The machine has a

10

year life. A

150 %

Declining Balance method is used to determine book value.

What was the original Basis

(

First Cost

)

of the machine?

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