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On January 1, 2020, THE Company purchased a new machine for $136,000. The machine was...

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Accounting

On January 1, 2020, THE Company purchased a new machine for $136,000. The machine was assigned a salvage value of $9,100 and an eight year life. Assume THE Company will depreciate the machine using sum-of-the-years'-digits depreciation. The book value of the machine at December 31, 2022 would be equal to:

Group of answer choices

$51,400

$57,375

$61,975

$74,025

$83,125

$88,413

none of the above choices are correct

Answer & Explanation Solved by verified expert
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