Walter White's lawn statue fabrication machine has a life expectancy of 45,000 units. The machine cost $1,000,000 and has a salvage value of $100,000 at the end of its useful life. Production in the machine's first 10 years (in statues per year) was as follow: 1775, 1812, 1861, 1898, 1917, 1941, 1950, 1964, 2001, and 2003. The book value of the fabrication machine after 10 years is closest to $ 637,700 655,800 617,600 O 595,100

FINANCIAL ACCOUNTING
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Chapter1: Financial Statements And Business Decisions
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Walter White's lawn statue fabrication machine has a life expectancy of 45,000 units. The machine
cost $1,000,000 and has a salvage value of $100,000 at the end of its useful life. Production in the
machine's first 10 years (in statues per year) was as follow: 1775, 1812, 1861, 1898, 1917, 1941,
1950, 1964, 2001, and 2003. The book value of the fabrication machine after 10 years is closest to
$
637,700
655,800
617,600
Ⓒ595,100
Transcribed Image Text:Walter White's lawn statue fabrication machine has a life expectancy of 45,000 units. The machine cost $1,000,000 and has a salvage value of $100,000 at the end of its useful life. Production in the machine's first 10 years (in statues per year) was as follow: 1775, 1812, 1861, 1898, 1917, 1941, 1950, 1964, 2001, and 2003. The book value of the fabrication machine after 10 years is closest to $ 637,700 655,800 617,600 Ⓒ595,100
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