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Ferguson Company purchased a plant asset for 100,000 on April 1st, 2019. The estimated residual value is 10,000, and the estimated useful life is 10

Ferguson Company purchased a plant asset for 100,000 on April 1st, 2019. The estimated residual value is 10,000, and the estimated useful life is 10 years. The double-declining balance method will be used for depreciation.

What is the book value of this plant asset at the end of 2020?

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