5. Calculate the book value of a four-year-old machine that cost $21,000, has an estimated...
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5. Calculate the book value of a four-year-old machine that cost $21,000, has an estimated residual value of $1,000, and has an estimated useful life of 40,000 machine hours. The company uses units-of-production depreciation and ran the machine 3,200 hours in year 1, 7,050 hours in year 2 , and 7,500 hours in year 3
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