A piece of equipment was acquired on january 1 2004 at a, Ask an Expert

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A piece of equipment was acquired on january 1, 2004, at a cost of $22,000, with an estimated residual value of $2,000 and an estimated useful life of four years. the company uses the double-declining-balance method. what is its book value at december 31, 2005?

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Accounting Basics, Accounting

Category:- Accounting Basics
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