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Calculate the book value of a three-year-old machine that

Computing Book Value (Double-Declining-Balance Depreciation) - Calculate the book value of a three-year-old machine that has a cost of $45,000, an estimated residual value of $5,000, and an estimated useful life of four years. The company uses double-declining-balance depreciation. Round to the nearest dollar.

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Accounting Basics: Calculate the book value of a three-year-old machine that

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