Question: What is the book value? Please clearly highlight the answer so that I can check my work. A machine that cost $770,000 has an estimated

What is the book value? Please clearly highlight the answer so that I can check my work.

What is the book value? Please clearly highlight the answer so that

A machine that cost $770,000 has an estimated residual value of $70,000 and an estimated useful life of seven years. The company uses straight-line depreciation. Calculate its book value at the end of year 6. (Do not round intermediate calculations.)

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