In: Accounting
A machine, purchased for $55,000 had depreciable life of 6 years. It will have an expected salvage value of $10,000 at the end of the depreciable life. Using the double declining method, what is the book value at the end of year 5? (Report your answer in dollar amounts without any extra character. Answers such as 2Million; 2M; 2,000,000 or $2000000 are not acceptable)