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asset's book value at 12/31/ X3? A. $66,400 B. $86,400 C. $96,000 D. $112,000 E. $313,600 ResetSelection The following information is available for equipment: Cost

image text in transcribed asset's book value at 12/31/ X3? A. $66,400 B. $86,400 C. $96,000 D. $112,000 E. $313,600 ResetSelection

The following information is available for equipment: Cost (purchased on 1/1 /XI ) = $400,000. Expected useful life = 5 years. Estimated Residual value = S20,OOO. If the double-declining balance method is used, what is the assets book value at 12/31 /X3? O A. S 66,400 O B. 86,400 O c. s 96,000 O D. $112,000 O E. $313,600 Reset Selection

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