A company purchased factory equipment for $28,000. It is estimated that the equipment will have...
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Accounting
A company purchased factory equipment for $28,000. It is estimated that the equipment will have an $8,000 salvage value at the end of its estimated 10-year useful life. If the company uses the double-declining-balance method of depreciation, the book value at the end of the second year after purchase would be
Select one:
a. $9,920
b. $17,920
c. $10,080
d. $22,680
e. $18,080
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