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Hilltop Enterprises purchased equipment for $99,000 on January 1,2024 . The equipment is expected to have a five-year life and a residual value of $4,200.

Hilltop Enterprises purchased equipment for $99,000 on January 1,2024 . The equipment is expected to have a five-year life and a residual value of $4,200. Using the double-declining-balance method, the book value on December 31, 2025, would be

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