residual value
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Free InquiryAn entrepreneur purchases a machine to the amount of £40,000 on January 2006. The machine has an expected life span of four years. Each year the machine is depreciated by £8,000. What is the residual value of this machine?
a. £6,000
b. £4,000
c. £8,000
d. £2,000
e. £0
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