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Calculate the book value of the machine

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Question - A company purchased a piece of equipment 3 years ago with an initial value of 1,500,000 birr, salvage value of 300,000 birr, annual operating cost of 200,000 birr, and estimated life of 10 years. Calculate the book value of the machine now using the straight-line, sum-of year's digits and sinking fund depreciation method. Assume interest rate 10%.

Reference no: EM132967665

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