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Royal Oaks Golf Course buys a tractor for $8,900 and estimates the life at 8 years with a scrap value of $890. What is its

Royal Oaks Golf Course buys a tractor for $8,900 and estimates the life at 8 years with a scrap value of $890. What is its book value at the end of the fourth year using the double declining balance depreciation method?

	$ 890
	$ 2,534
	$ 4,005
	$ 2,816

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