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Calculate the book value of a three-year-old machine

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Computing Book Value (Double-Declining-Balance Depreciation) - Calculate the book value of a three-year-old machine that has a cost of $45,000, an estimated residual value of $5,000, and an estimated useful life of four years. The company uses double-declining-balance depreciation. Round to the nearest dollar.

Reference no: EM13527534

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