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iuppose the company purchases the following asset: Cost =$20,000($18,000+$2,000 for shipping and install) Residual value =$5,000 (estimated selling price in 5 years). Expected useful life

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iuppose the company purchases the following asset: Cost =$20,000($18,000+$2,000 for shipping and install) Residual value =$5,000 (estimated selling price in 5 years). Expected useful life =5 years - What is the net book value at the end of year 3? Assume Double-Declining Balance $11,000 $8,000 $5,000 $4,320

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