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Business, 09.12.2021 15:30 laurynrobinson21

Lockspot Inc. purchased a machine for $100,000 on January 1, 2008. The estimated useful life was 10 years and the salvage value was zero. On January 1, 2016, Lockspot sells the machine, reporting a gain of $2,000. What is the book value of the machine on the date of sale

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Lockspot Inc. purchased a machine for $100,000 on January 1, 2008. The estimated useful life was 10...
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