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What is the book value of the machine as of december

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Reference no: EM132691978

On January 1, B&B. purchased an X-Ray machine for $300,000 in cash. B&B. paid freight charges of $1,000 to the trucking company to deliver the machine to its clinical. The estimated salvage value and useful life of the X-ray machine is $2,900 and 5 years, respectively.

Problem 1: Under the straight-line method, what is the book value of the machine as of December 31, Year 3?

A. $114,920
B. $122,140
C. $217,580
D. $121,510

Reference no: EM132691978

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