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  3. a three-year-old machine has a cost of $32.600, an

A three-year-old machine has a cost of $32.600, an estimated residual value of $1,600, and...

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Accounting

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A three-year-old machine has a cost of $32.600, an estimated residual value of $1,600, and an estimated useful life of 31,000 machine hours. The company uses units-of-production depreciation and ran the machine 4100 hours in year 1: 7,850 hours in year 2. and 6,900 hours in year 3. Calculate the net book value at the end of the third year, Netbook value

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