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Maxine,Inc

Question 77

Multiple Choice

Maxine,Inc.bought a machine on January 1,2012 for $48,000.The machine is expected to last for 8 years,after which it will be worthless.What is the book value of the machine on Maxine's balance sheet at December 31,2013?


A) $48,000
B) $42,000
C) $36,000
D) $12,000

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