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On April 1, 2022, Oriole Ltd. places a new asset into service. The cost of the asset is $54000 with an estimated 8-year life
On April 1, 2022, Oriole Ltd. places a new asset into service. The cost of the asset is $54000 with an estimated 8-year life and $3400 residual value. Assuming that Check Mate uses the double diminishing balance method of depreciation, what is the carrying amount of the asset at December 31, 2022? $41350 $43875 $47275 $51450
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