Find book value of the machine at beginning of third year

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Question - Wildhorse Co. bought a machine on January 1, 2017. The machine cost $120000 and had an expected salvage value of $28000. The life of the machine was estimated to be 5 years. The company uses the straight-line method of depreciation. Find the book value of the machine at the beginning of the third year.

Reference no: EM131611701

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