Question: I need help with an accounting question, please not only answer the question but show your work as well. Thanks! A machine that cost $180,000

I need help with an accounting question, please not only answer the question but show your work as well. Thanks!

A machine that cost $180,000 has an estimated residual value of $20,000 and an estimated useful life of four years. The company uses straight-line depreciation. Calculate its book value at the end of year 3.(Do not round intermediate calculations.)

BOOK VALUE = _________________

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