North Company purchased a machine for $180,000 on January 1, 2017. The machine is expected...
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Accounting
North Company purchased a machine for $180,000 on January 1, 2017. The machine is expected to have a four-year life, with a residual value of $20,000 at the end of four years. Using the straight-line method, depreciation for 2014 and book value at December 31, 2018 would be
$40,000 and $80,000
$45,000 and $90,000
$45,000 and $70,000
$40,000 and $100,000
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