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Mohr Company purchases a machine at the beginning of the year at a cost of...

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Accounting

Mohr Company purchases a machine at the beginning of the year at a cost of $29,000. The machine is depreciated using the straight-line method. The machines useful life is estimated to be 5 years with a $7,000 salvage value. The book value of the machine at the end of year 2 is:

Multiple Choice

  • $4,400.

  • $8,800.

  • $13,200.

  • $20,200.

  • $22,000.

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