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KAA purchases Equipment on 1/1/20 for $80,000, a residual value of $5,000, and an expected...

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Accounting

KAA purchases Equipment on 1/1/20 for $80,000, a residual value of $5,000, and an expected useful life of 8 yours. Use Double-Declining-Balance Method to determine the book value of the equipment on 12/31/21 (end of second year)

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