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What the asset book value on December

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Question - Beckman Enterprises purchased a depreciable asset on October 1, Year 1 at a cost of $176,000. The asset is expected to have a salvage value of $16,900 at the end of its five-year useful life. If the asset is depreciated on the double-declining-balance method, what the asset's book value on December 31, Year 2?

Reference no: EM133054105

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