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21. A new piece of equipment costs $12,000 with a residual value of $500 and an estimated usetul life of 5 years. By assuming twice

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21. A new piece of equipment costs $12,000 with a residual value of $500 and an estimated usetul life of 5 years. By assuming twice the straight-line rate, the book value at end of year 2 using the declining-balance is: A. $6,000 B. $3,800 C. $2,160 D. $3,600 E. None of the above

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