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On July 1, 2023, Butler Corp. purchases equipment for $453,000. The equipment has a useful life of 9 years and an estimated residual value of

On July 1, 2023, Butler Corp. purchases equipment for $453,000. The equipment has a useful life of 9 years and an estimated residual value of $18,000. Butler records a full month of depreciation in the month of PP&E acquisition. Assume Butler uses double declining balance depreciation. What is the asset's net book value at December 31, 2024

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