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ZZ, Inc. purchased a new machine on January 1, 2024 for $239,000. The machine was estimated to have an 11-year life and a residual value

image text in transcribed ZZ, Inc. purchased a new machine on January 1, 2024 for $239,000. The machine was estimated to have an 11-year life and a residual value of $8,000. The machine will be depreciated using the sum-of-the-years'-digits method. Calculate the machine's book value at December 31, 2027

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