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What is the book value of the machine

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Question - On January 1, 2016, Martini, Inc. acquired a machine for $1,030,000. The estimated useful life of the asset is five years. Residual value at the end of five years is estimated to be $87,000. What is the book value of the machine at the end of 2017 if the company uses the straight-line method of depreciation?

$618,000

$652,800

$565,800

$617,996

Reference no: EM131808751

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