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

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Calculate the book value of a three-year-old machine that cost $324,000, has an estimated residual value of $18,000, and has an estimated useful life of 18,000 machine hours. The company uses units-of-production depreciation and ran the machine 3,000 hours in year 1, 5,000 hours in year 2, and 7,000 hours in year 3.

Reference no: EM13755047

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