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On January 1, 2018, Anvil Corp. purchased equipment for $64,000. It was expected to last 5 years, after which it will be sold for $5,000.

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On January 1, 2018, Anvil Corp. purchased equipment for $64,000. 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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