A company brought a piece of equipment for $800,000. It expects this equipment to last 10 years, and estimates that it will be able to get $150,000 as a salvage value at the end of the ten years. Calculate the carrying value of the assets after two years if the company used the double-declining balance method of depreciation.

Possible Answers:

(A) $660,000 (B) $160,000 (C) $288,000 (D) $512,000 (E) $640,000 (F)$660,000

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