Question: On July 1, 20x9, an entity purchased a machine for $87077 with an estimated life of 6 years and a residual value of $8766. If

On July 1, 20x9, an entity purchased a machine for $87077 with an estimated life of 6 years and a residual value of $8766. If the company uses the diminishing balance method for depreciation at a rate of 45%, what would be the balance reported for the net book value of the machine at December 31, 20x9?

Select one:

a. $39185

b. $67485

c. $80551

d. $69457

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