Salvage value at the end of its useful life

Reference no: EM133609832

Question: Shaw Company purchased equipment for $32,968 on January 1, 2004, and will use the double-declining-balance method of depreciation. It is estimated that the equipment will have a 12-year life and an $2,115 salvage value at the end of its useful life. Rounding to the nearest one dollar, what is the book value of the equipment on January 1, 2005?

Reference no: EM133609832

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