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What would be the net book value on january

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Question 1: Ponderosa Farms purchased some equipment on January 1, 2020 for $12,600. The equipment has an estimated useful life of 10 years and an estimated residual value of $1,200. The company uses double-declining-balance depreciation. The net book value on January 1, 2021 would be

Option a) $10,080.

Option b) $10,320.

Option c) $11,340.

Option d) $11,460.

Reference no: EM132495627

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