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Kansas Enterprises purchased equipment for $79,500 on January 1, 2018. The equipment is expected to have a ten-year life, with a residual value of $7,350
Kansas Enterprises purchased equipment for $79,500 on January 1, 2018. The equipment is expected to have a ten-year life, with a residual value of $7,350 at the end of ten years. Using the double-declining balance method, the book value at December 31, 2019 would be?
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