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A medical office using the double-declining-balance method of depreciation purchased office furniture costing $36,000 and...

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Accounting

A medical office using the double-declining-balance method of depreciation purchased office furniture costing $36,000 and put it in use on May 1. The furniture is expected to have a useful life of 10 years and an estimated resale value of $2,400. Refer to the Medical Office scenario. Compute the book value at the end of the third year. Group of answer choices $19,584 $20,352 $19,968 $16,032

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