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On January 2, 2007, Mosby Corporation acquired equipment tor $200000 Te esu equipment is 8 years or 35,000 hours. The estimated residual value is $40,000.

On January 2, 2007, Mosby Corporation acquired equipment tor $200000 Te esu equipment is 8 years or 35,000 hours. The estimated residual value is $40,000. What is the book value of the equipment on December 31, 2007, if Mosby Corporation uses the double-declining-balance method of depreciation

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