The cost of the two-year-old machine is $190,000. It has an estimated residual value of $45,000, and has an estimated...

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The cost of the two-year-old machine is $190,000. It has an estimated residual value of $45,000, and has an estimated useful life of four years. The company uses straight-line depreciation.
Calculate the book value of the machine at the end of second year.

 

Solution ID:436784 | This paper was updated on 26-Nov-2015

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