Calculate the book value of machine b at december

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Question - On June 1, 2023, Levine Company purchased three machines for Current Market Value $540,000. The following information is available concerning the property purchased:

Machine A $179,200

Machine B $207,200

Machine C $173,600

Before the property could be used, Levine had to spend $28,000 to put Machine B in working order and $19,000 to put Machine C in working order.

Assume Machine B was assigned a 15-year life, a $5,500 residual value, and was being depreciated using the straight-line method.

Calculate the book value of Machine B at December 31, 2028.

Reference no: EM133072260

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