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Bent Tree Golf Club purchased a new fleet of golf carts for $92,900. They are expected to have a 10 year useful life and a

Bent Tree Golf Club purchased a new fleet of golf carts for $92,900. They are expected to have a 10 year useful life and a trade-in value of $10,000. Using the 150% declining-balance method of depreciation, what is the book value at the end of the first year?

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