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Question 3 0/0 pts A piece of equipment was acquired on January 1, 2010, at a cost of $22,000, with an estimated residual value of

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Question 3 0/0 pts A piece of equipment was acquired on January 1, 2010, at a cost of $22,000, with an estimated residual value of $2,000 and an estimated useful life of four years. The company uses the double-declining-balance method. What is its book value at December 31, 2011? Correct Answer $5,500 $10,000 You Answered $11,000 $12.000

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