Question
On January 1, 2018, Anvil Corp. purchased equipment for $61,000. It was expected to last 5 years, after which it will be sold for $5,000.
On January 1, 2018, Anvil Corp. purchased equipment for $61,000. It was expected to last 5 years, after which it will be sold for $5,000. The company uses double diminishing balance method to depreciate this asset. The carrying amount on January 1, 2020 will be Enter your answer as xxxxxx (no comma, no decimals, no $ sign)
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Construction Accounting And Financial Management
Authors: Steven J. Peterson
3rd Edition
0132675056, 978-0132675055
