Consider that a company bought a machine for 79,969 dollars. This equipment is assumed to have a life of 16 years and a salvage value of 1,490 dollars. Compute the remaining value recorded in the accounting book for this machine at the end of year 3 based on the straight line depreciation method - standard method, not using US depreciation tables. (note: round your answer to the nearest cent, and do not include spaces, currency signs, plus or minus signs, or commas)