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On October 1, 2021, Vaughn Company places a new asset into service. The cost of the asset is $133000 with an estimated 5-year life
On October 1, 2021, Vaughn Company places a new asset into service. The cost of the asset is $133000 with an estimated 5-year life and $13000 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 Vaughn Company uses the double-declining-balance method of depreciation? $119700 $54774 $13566 $106134
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Intermediate accounting
Authors: J. David Spiceland, James Sepe, Mark Nelson
7th edition
978-0077614041, 9780077446475, 77614046, 007744647X, 77647092, 978-0077647094
