Kansas Enterprises purchased equipment for $81,500 on January 1, 2021. The equipment is expected to have a
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Kansas Enterprises purchased equipment for $81,500 on January 1, 2021. The equipment is expected to have a ten-year life, with a residual value of $6,600 at the end of ten years.
Using the double-declining balance method, the book value on December 31, 2022 would be (Do not round your intermediate calculations)?
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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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