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What amount should be shown in incredible balance sheet

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Question 1: On January 1, 2019, Incredible Corp. purchased a new machine for $350,000. The new machine has an estimated useful life of eight years and the residual value was estimated to be $25,000. Depreciation was calculated using the double-declining-balance method. To the nearest dollar, what amount should be shown in Incredible's balance sheet at December 31, 2020, net of accumulated depreciation, for this machine?

Reference no: EM132554125

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