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Glenmore corp purchased a fax machine at the beggining of


Question - Glenmore corp. purchased a fax machine at the beggining of 2007. the fax machine cost $1,000 and is expected to last five years. Its salavage value is expected to be $50.

Using straight-line depreciation what till the machine net book value be at the end of 2008?

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Accounting Basics: Glenmore corp purchased a fax machine at the beggining of
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