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Business, 01.12.2021 01:00 lizzyhearts

A three-year-old machine has a cost of $38,800, an estimated residual value of $1,800, and an estimated useful life of 37,000 machine hours. The company uses units-of-production depreciation and ran the machine 3,400 hours in year 1; 6,750 hours in year 2; and 7,300 hours in year 3. Calculate the net book value at the end of the third year.

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