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The scrap value of a machine at the end of its useful life is given by S(n)C(1-1, where is the original cost, nis the useful

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The scrap value of a machine at the end of its useful life is given by S(n)C(1-1, where is the original cost, nis the useful life of the machine in years, and is the constant annual percentage of value lost. Find the scrap value of the following machine Original cost $46,000; ife, 11 years, annual rate of value fost, 10% SES (Round to the nearest cent)

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