Calculate the book value of machine

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Reference no: EM1313889

Calculation of book value of machine.

Luther soaps purchased a machine on January 1, 2007, for $18,000 cash the machine has an estimated useful life of 4 years and salvage value of $4,700. Luther uses the double-declining-balance method of depreciation for all its assets, what will be the machine's book value as of December31, 2008?

Reference no: EM1313889

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