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On January 1, 2018, you acquire equipment for $14,000, salvage value of $500, and a life of 4 years. Your company uses 150% declining balance.
On January 1, 2018, you acquire equipment for $14,000, salvage value of $500, and a life of 4 years. Your company uses 150% declining balance. What is the book value on December 31, 2020?
a - $1,188
b - $5,469
c - $500
d - $3,418
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