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Bridgeport Enterprises purchased a machine on January 1, 2024, for $23900. The machine had an...

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Accounting

Bridgeport Enterprises purchased a machine on January 1, 2024, for $23900. The machine had an estimated useful life of 10 years and an estimated residual value of $3000. Assuming Bridgeport uses straight-line depreciation, what would be the book value of the machine on December 31, 2025?

1.$17900

2.$0

3.$15540

4.$19720

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