Kansas Enterprises purchased equipment for $81,000 on January 1, 2018. The equipment is expected to have a
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Kansas Enterprises purchased equipment for $81,000 on January 1, 2018. The equipment is expected to have a five-year life, with a residual value of $9,000 at the end of five years.
Using the double-declining balance method, the book value at December 31, 2019 would be (Do not round your intermediate calculations)?
Related Book For
Accounting Principles
ISBN: 978-1119048503
7th Canadian Edition Volume 1
Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel, Barbara Trenholm, Valerie Warren, Lori Novak
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