Question: Consider that a company bought a machine for 54,730 dollars. This equipment is assumed to have a life of 19 years and a salvage value

Consider that a company bought a machine for 54,730 dollars. This equipment is assumed to have a life of 19 years and a salvage value of 1,888 dollars. Compute the remaining value recorded in the accounting book for this machine at the end of year 4 based on the straight line depreciation method - standard method, not using US depreciation tables. (note: round your answer to the nearest cent, and do not include spaces, currency signs, plus or minus signs, or commas)
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