A machine costing $42,246 is expected to last 10 years with a scrap value of $4000.The machine is depreciated using the constant percentage method with d = 21%.After 5 years,the depreciation method is changed to the straight-line method for the final 5 years.What is the book value after 7 years?
A) $7799.60
B) $8112.88
C) $8661.11
D) $9399.60
Correct Answer:
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