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A piece of equipment was acquired on January 1, 2018, at a cost of $92,000, with an estimated residual value of $4,000 and an estimated

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A piece of equipment was acquired on January 1, 2018, at a cost of $92,000, with an estimated residual value of $4,000 and an estimated useful life of Four years. The company uses the double-declining-balance method. What is its book value at December 31, 2019? Multiple Choice $23,000 $44,000 O O $46,000 O $48,000

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