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The Anna Corporation buys equipment on September 1, Year One, for $82,000 with a ten-year expected life and an estimated residual value of $10,000. The
The Anna Corporation buys equipment on September 1, Year One, for $82,000 with a ten-year expected life and an estimated residual value of $10,000. The asset is depreciated using the doubledeclining balance method and the half-year convention. What is the net book value for this asset at the end of Year Three? $59,040 $47,232 $51,840 $41,472
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