Kansas enterprises purchased equipment for 60000 on january

Reference no: EM13596776

Kansas Enterprises purchased equipment for $60,000 on January 1, 2012. The equipment is expected to have a five-year life, with a residual value of $5,000 at the end of five years.
Using the double-declining balance method, the book value at December 31, 2013 would be?

Reference no: EM13596776

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