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Using the straight-line method the carrying value of the

Question - A machine is purchased for $120,000. It is estimated that it has a useful life of 4 years and will then be sold for $8,000. Using the straight-line method the carrying value of the machine at the end of the third year of the machine's useful life is:

$28,000

$42,000

$60,000

$36,000

$84,000

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