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On October 1, 2022. Cullumber Company places a new asset into service. The cost of the asset is $200000 with an estimated 10- year life

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On October 1, 2022. Cullumber Company places a new asset into service. The cost of the asset is $200000 with an estimated 10- year life and $50000 salvage value at the end of its useful life. What is the book value of the plant asset on the December 31, 2022 balance sheet assuming that Cullumber Company uses the double declining-balance method of depreciation? $140000 O $195000. $150000 $190000

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