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A plant asset cost R.O.192,000 and is estimated to have a R.O.24,000 residual value at the end of its 8-year useful life. The book value

A plant asset cost R.O.192,000 and is estimated to have a R.O.24,000 residual value at the end of its 8-year useful life. The book value of the asset at the end of the third year using the double-declining-balance method would be

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