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What the book value on December

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Question - Andrew Enterprises purchased equipment for $72,000 on January 1, 2016. The equipment is expected to have a five-year life, with a residual value of $6,000 at the end of five years. Using the double-declining balance method, what the book value on December 31, 2017?

a. $25,920

b. $24,960

c. $27,360

d. $14,400

Reference no: EM133042707

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