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The following data come from the accounting records of Kamila Company as of the end of Year 3. Original cost of machine (purchased on September
The following data come from the accounting records of Kamila Company as of the end of Year 3. Original cost of machine (purchased on September 1 of Year 1) Estimated salvage of machine at the end of 10 years of use Estimated useful life of machine Original loan amount associated with the purchase of the machine Remaining loan amount as of the end of Year 3 Accumulated depreciation on the machine as of the end of Year 3 $100,000 $10,000 10 years $80,000 $72,000 $21,000 What is the amount of the BOOK VALUE of the machine as of the end of Year 3? $79,000 $62,000 O $28,000 O $38,000
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