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What amount should be shown in Graham balance sheet

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Problem - On January 1, 2018, Graham Company purchased a new machine for €2,100,000. The new machine has an estimated useful life of nine years and the residual value was estimated to be €75,000. Depreciation was computed on the sum-of-the-years'-digits method. What amount should be shown in Graham's balance sheet at December 31, 2019, net of accumulated depreciation, for this machine?

Reference no: EM132793697

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