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A plece of equipment was acquired on January 1, 2018, at a cost of $28,000, with an estimated residual value of $2,000 and an stimated

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A plece of equipment was acquired on January 1, 2018, at a cost of $28,000, with an estimated residual value of $2,000 and an stimated useful life of ten years. The company uses the double-declining balance method. What is its book value at December 31, 2019? Multiple Choice 55,200 55,600 $17.920 622 800

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