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A piece of equipment was acquired on January 1 at a cost of $33,000, with...

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Accounting

A piece of equipment was acquired on January 1 at a cost of $33,000, with an estimated residual value of $3,000 and an estimated useful life of four years. The company uses the double-declining-balance method. What is its book value at the end of year 2?

$8,250.

$15,000.

$16,500.

$24,750.

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