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Determine the net book value at december

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Reference no: EM133185284

Question - Newman Co. purchased CNC router cutting and engraving machinery at a cost of $320,000 in January 2019. The company's estimated useful life of this high tech equipment is 5 years, and the estimated salvage value is $48,000.

Using the straight-line method, determine the net book value at December 31, 2021, after the third year of the machinery's life?

Reference no: EM133185284

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