Solved: What amount should be shown for this machine net of, Financial Accounting

What amount should be shown for this machine net of

A machine was purchased for $8,000,000 on January 1, 2014. It has an estimated useful life of 8 years and a residual value of $800,000. Depreciation is being computed using the sum-of-the-years'-digits method. What amount should be shown for this machine, net of accumulated depreciation, in the company's December 31, 2015 balance sheet?

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Financial Accounting: What amount should be shown for this machine net of

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