Question: Saved Help Save & Ex On January 1 Year 1, Alabama Company purchased a machine for $26.000. The machine has an estimated useful life of

Saved Help Save & Ex On January 1 Year 1, Alabama Company purchased a machine for $26.000. The machine has an estimated useful life of 4 years and an estimated salvage value of $6,000. What is the book value of the machine reported on Alabama's balance sheet as of December 31, Year 1? Multiple Choice

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