A new piece of equipment costs 18000 with a residual value, Financial Management

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A new piece of equipment costs 18000 with a residual value

A new piece of equipment costs $18,000 with a residual value of $600 and an estimated useful life of five years. Assuming twice the straight-line rate, the book value at the end of year 2 using the declining balance method is? A 11,520 B 6,480 C 18,000 D 7,200

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Financial Management: A new piece of equipment costs 18000 with a residual value

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Financial Management: A new piece of equipment costs 18000 with a residual value

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