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Scandsia Ltd. owns a machine that it purchased on Jan 1, 2010 for $750,000. The machine had an estimated useful life of 5 years and an estimated residual value of $50,000. The company uses straight-line depreciation and records monthly depreciation. The machine was sold on December 31, 2013 for $200,000. What is the carrying value (net book value) at the date of sale?
Spiritualism
A belief system or practice involving communication with spirits of the deceased, often through mediums.
COPD
Chronic Obstructive Pulmonary Disease, a group of lung diseases that block airflow and make breathing difficult.
Aromatherapy
The therapeutic use of essential oils extracted from plants for health and wellness, often involving inhalation or topical application.
Melatonin
A hormone produced by the pineal gland that regulates sleep-wake cycles.
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