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This Question: 1 pt 14 of 40 (1 complete) This Test: 40 pts possible EQuestion Help Taylor Company purchased a machine for $9,800 on January
This Question: 1 pt 14 of 40 (1 complete) This Test: 40 pts possible EQuestion Help Taylor Company purchased a machine for $9,800 on January 1, 2016. The machine has been depreciated using the straight-line method assuming it has a five-year life with a $1,400 residual value. Taylor sold the machine on January 1, 2018, for $7,600 What is the book value of the machine on December 31, 2017? OA. $2,100 O B. $6,440 O C. $8,400 D. $9,800
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