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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