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A company purchases office furniture on January 1, 2012 for $28,000. Depreciation is charged at 10 percent per annum using the declining balance method. What

A company purchases office furniture on January 1, 2012 for $28,000. Depreciation is charged at 10 percent per annum using the declining balance method. What will the book value of the asset on December 31, 2013?

A. $22,680

B. $22,400

C. $22,000

D. $5,600

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