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What is the book value of the machine

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Question - On January 1, 2015, Co purchased a machine for $30,000,000. The company expects to use the machine for 24,000 hours over the next 6 years. The estimated sale value of the machine at the end of the sixth year is $40,000. The company used the machine for 3,600 hours in 2015 and 5,000 hours in 2016.

Required - What is the book value of the machine at the end of year 2016 if the company uses double-declining-balance method of depreciation?

Reference no: EM132459037

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