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4.  Doblin Corp. purchased equipment on January 1, 2016 for $264,500. Doblin management estimated the useful

life of the machine to be 10 years with a salvage value of $11,500. Under the straight-line method of depreciation, the book value of the machine at December 31, 2020 will be (round to the nearest dollar):

 

a. $50,600

b. $23,000

c. $253,000

d. $276,000

e. None of the above

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