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Exam #3 Time Limit: 1:30:00 Time Left:0:46:02 Bassel Fouad: Attempt 1 Page 2 Previous Page Next Page Page 27 of 36 Page 3 Question 24

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Exam #3 Time Limit: 1:30:00 Time Left:0:46:02 Bassel Fouad: Attempt 1 Page 2 Previous Page Next Page Page 27 of 36 Page 3 Question 24 (2.5 points) Use the following information for the next THREE questions. Crowe Company purchased a piece of equipment on October 1, 2018 for $120,000 The equipment has an estimated life of four years or 464,000 units of production and an estimated salvage value of $4,000. Crowe's accounting year ends on December 31. The following additional data was collected: 11.000 units were produced in 2018 and 90,000 units were produced in 2019. (If necessary, round to the nearest dollar.) Page 5 Page & Question 3 of 3: Using the double-declining-balance method, the net book value on December 31, 2019 is: $60,000 Page 7 $67,500 $52,500 $15,000 Page : Previous Page Next Page Next Page Page 27 of 36 mand MOSISO command

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