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Cals Computers purchased equipment for $24,000 on August 31, 2021. The equipment has a residual value of $9,000 and estimated life of 6 years. Calculate

Cals Computers purchased equipment for $24,000 on August 31, 2021. The equipment has a residual value of $9,000 and estimated life of 6 years. Calculate the net book value of the equipment on December 31, 2022.

Multiple Choice $20,667 $11,667 $19,000 $23,167

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