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Current Attempt in Progress On October 1 , 2 0 2 5 , Pharoah Company places a new asset into service. The cost of the

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Current Attempt in Progress
On October 1,2025, Pharoah Company places a new asset into service. The cost of the asset is $150000 with an estimated 5-year life and $17000 salvage value at the end of its useful life. What is the book value of the plant asset on the December 31,2025 balance sheet assuming that Pharoah Company uses the double-declining-balance method of depreciation?
$135000.
$142500.
$133000.
$118000.
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