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On October 1, 2021, Bonita Company places a new asset into service. The cost of the asset is $129000 with an estimated 5-year life and
On October 1, 2021, Bonita Company places a new asset into service. The cost of the asset is $129000 with an estimated 5-year life and $13500 salvage value at the end of its useful life. What is the book value of the plant asset on the December 31,2021 , balance sheet assuming that Bonita Company uses the double-declining-balance method of depreciation?? $116100$12384$48096$103716
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