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A piece of equipment was acquired on January 1, 2018, at a cost of $22,000,...

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Accounting

A piece of equipment was acquired on January 1, 2018, 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, 2019?

A. $12,000

B. $10,000

C. $11,000

D. $5,500

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