On January 1, 2018, Shark Company acquired equipment at a total cost of $66,000. The equipment had a useful life of 5 years with a residual value of $6,000. Shark Company used Double-declining balance method. What is book value of the equipment as of end of 2019? 

Answer rating: 100% (QA)

Straightline depreciation rate will be 100 5 20 Since useful life of 5 years Doubledeclining balan... View the full answer