On october 12013 holt company places a new asset into

Reference no: EM13605065

On october 1,2013, holt company places a new asset into service. the cost of the asset is 80000 with an estimated 5 year life and 20000 salvage value at the end of its useful life. what is the book and value of the plant asset on the december 31, 2013 balance sheet assuming that holt company uses the double declining balance method of depreciation?

Reference no: EM13605065

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