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D Question 1 2 pts Shaw Company purchased equipment for $63,023 on January 1, 2004, and will use the double- declining-balance method of depreciation.

D Question 1 2 pts Shaw Company purchased equipment for $63,023 on January 1, 2004, and will use the double- declining-balance method of depreciation. It is estimated that the equipment will have a 11-year life and an $2,808 salvage value at the end of its useful life. Rounding to the nearest one dollar, what is the book value of the equipment on January 1, 2005?

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