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Compute the book value at December

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Question - Cutter Enterprises purchased equipment for $99,000 on January 1, 2018. The equipment is expected to have a five-year life and a residual value of $4500.

Using the double-declining balance method, compute the book value at December 31, 2019?

a. $34,740.

b. $19,800.

c. $36,840.

d. $35,640.

e. None of the above.

Reference no: EM132734905

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