Question: Multiple Choice Question 118 Crane Company bought a machine on January 1, 2017. The machine cost $155000 and had an expected salvage value of $26000.

Multiple Choice Question 118 Crane Company bought a machine on January 1, 2017. The machine cost $155000 and had an expected salvage value of $26000. The life of the machine was estimated to be 6 years. The company uses the straight-line method of depreciation. The book value of the machine at the beginning of the third year would be $129000. $112000. $43000. $155000.

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