### Calculate book value on its die cutting machine

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##### Reference no: EM13864528

Grogle Company had to calculate book value on its die cutting machine. The company paid \$32,000 for the equipment on January 1, 2012, but its current appraised value is \$46,000. On December 31, 2015, accumulated depreciation on the machine is \$12,000. What is Grogle Company's book value on the die cutting machine at December 31, 2015?

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