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DDBM: A property that is book-depreciated over a 10-year period by the Double Declining Balance Method has $11,744.05 book value on the 8th year. Determine

DDBM: A property that is book-depreciated over a 10-year period by the Double Declining Balance Method has $11,744.05 book value on the 8th year. Determine the first cost of the property (round-off k to 4 decimal places).

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