Question: A three - year - old machine has a cost of $ 3 1 , 0 0 0 , an estimated residual value of $

A three-year-old machine has a cost of $31,000, an estimated residual
A three-year-old machine has a cost of $31,000, an estimated residual value of $1,000, and an estimated use life company uses straight-line depreciation.
Calculate the net book value at the end of the third year.
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Net book value
value of $1,000, and an estimated use life company uses straight-line depreciation.

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