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Help Save & John Deere is an American manufacturer of agricultural, construction, and forestry machinery, John Deere purchased equipment for $60,000 on January 1, 2021 The equipment is expected to have a five-year life, with a residual value of $5,000 at the end of five years. Using the double-declining balance method, the book value at December 31, 2022, would bei Multiple Choice $24,800. $36.000 $21.600. $45,600. w