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A company purchased factory equipment for $28,000. It is estimated that the equipment will have...

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Accounting

A company purchased factory equipment for $28,000. It is estimated that the equipment will have an $8,000 salvage value at the end of its estimated 10-year useful life. If the company uses the double-declining-balance method of depreciation, the book value at the end of the second year after purchase would be

Select one:

a. $9,920

b. $17,920

c. $10,080

d. $22,680

e. $18,080

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