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What would be the book value of the machine on december

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Eastern Fisheries Co. purchased equipment on January 1, 20X1 for $22,500. The equipment had an estimated useful life of 10 years and an estimated residual value of $2,500. The company uses double-declining-balance depreciation.

Question 1: Assuming Eastern uses double- declining-balance depreciation, what would be the book value of the machine on December 31 20X2?

Reference no: EM132497873

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