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the answer is not 50100 Assume that a company purchased computers on January 1 for $122,750 and estimated a 5 year useful life and a
the answer is not 50100
Assume that a company purchased computers on January 1 for $122,750 and estimated a 5 year useful life and a $50,100 residual value. If the company uses the double-declining balance method, what is the book value (or net book value) of the computers at the end of the second year? The net book value at the end of the second year is $Step by Step Solution
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