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Company purchased equipment for 60,000 on January 1, 2018. The estimated useful life of the equipment is 5 years, with a residual value of $5000

Company purchased equipment for 60,000 on January 1, 2018. The estimated useful life of the equipment is 5 years, with a residual value of $5000 at the end of five years.

Using the double-declining balance method, the book value at december 31, 2019 would be?

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