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Calculate the book value of the machine

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Reference no: EM133020565

Question - On January? 1, 2024, McHenry Manufacturing Corporation purchased a machine for? $40,200,000. McHenry's management expects to use the machine for? 24,000 hours over the next six years. The estimated residual value of the machine at the end of the sixth year is? $49,000. The machine was used for? 4,000 hours in 2024 and? 5,800 hours in 2025. Calculate the book value of the machine at the end of 2025 if the company uses the units-of-production method of depreciation.?

Reference no: EM133020565

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