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A contracting company considers purchasing a used excavator for $90,000. The remaining useful life of this machine is expected to be 2 years and the

A contracting company considers purchasing a used excavator for $90,000. The remaining useful life of this machine is expected to be 2 years and the salvage value is anticipated to be $22,248.71. Using the declining-balance method, what is the depreciated value of the asset at the end of its useful life.

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