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How much should be recorded in the machine account

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Question - On January 1, Dax Corporation recorded a book value of $200,000 for a machine. During the year, the firm spent $11,000 on minor repairs and $58,000 on additions and improvements for the machine. The machine's depreciation expense for the year is $40,000. How much should be recorded in the machine account on December 31 (net of depreciation)?

Reference no: EM133157570

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