On January 1, 2021, Truesdale, Incorporated, purchased a piece of machinery for use in operations....
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On January 1, 2021, Truesdale, Incorporated, purchased a piece of machinery for use in operations. The total acquisition cost was $33,000. The machine has an estimated useful life of 3 years and a salvage value of $3,000. Using the straight-line method, the book value of the machinery at December 31, 2022, is approximately
how come answer is 13000 please advise
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