Question: A man bought a machine for $ 657,016 six years ago. It has a salvage value of $ 55,102 four years from now. He sold
A man bought a machine for $ 657,016 six years ago. It has a salvage value of $ 55,102 four years from now. He sold it now for $74,477. What is the sunk cost or the value of the machine that the man lost if the depreciation method used is a Declining Balance method?
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