A machine that cost 400000 has an estimated residual value


A machine that cost $ 400,000 has an estimated residual value of $ 40,000 and an estimated useful life of four years. The company uses double- declining- balance depreciation. Calculate its book value at the end of year 3. Round to the nearest dollar.

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Accounting Basics: A machine that cost 400000 has an estimated residual value
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