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Cheesecake Factory acquired $150,000 of restaurant equipment on January 1, 2015. The equipment is estimated...

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Accounting

Cheesecake Factory acquired $150,000 of restaurant equipment on January 1, 2015. The equipment is estimated to have a useful life of 10 years, and a residual value of $15,000. Cheesecake Factory uses the double-declining-balance depreciation method. What is the net book value of the equipment on December 31, 2018?

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