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7. Equipment with a cost of $90,000 has an estimated residual value of $4,000, and an estimated life of 10 years was depreciated by the

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7. Equipment with a cost of $90,000 has an estimated residual value of $4,000, and an estimated life of 10 years was depreciated by the double-declining balance method. At the end of the 10th year the book value of the equipment will be a. $0 b. $9,000 c. **$4,000 d. cannot be calculated with the information given info needed found on page

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