Question: Use the double-declining-balance method to find the book value at the end of three years of an asset with an estimated life of 25 years

Use the double-declining-balance method to find the book value at the end of three years of an asset with an estimated life of 25 years that initially cost $50,000 and has a scrap value of $5,250. In depreciation, round all money values to the nearest dollar.

The book value at the end of three years will be?

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