What the carrying value of the equipment at the end of year

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Question - Baxter Ltd purchased equipment at the start of its first year of operation. Baxter uses the straight-line method for depreciation.

Cost (excluding GST) $36,000

Residual value $4,000

Estimated useful life 5 years

Required - What the carrying value of the equipment at the end of year 2?

Reference no: EM133110185

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