A piece of equipment was acquired on January 1, 2021, at a cost of $94,000,...
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Accounting
A piece of equipment was acquired on January 1, 2021, at a cost of $94,000, 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, 2022? Multiple Choice $46,000 $48,000 $23,500 $47,000
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