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Question - A company brought a piece of equipment for $800,000. It expects this equipment to last 10 years, and estimates that it will be able to get $150,000 as a salvage value at the end of the ten years. Calculate the carrying value of the assets after two years if the company used the double-declining balance method of depreciation.
(A) $660,000
(B) $160,000
(C) $288,000
(D) $512,000
(E) $640,000
(F) $660,000
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