Question - On Jan. 1st, 2006, a company purchased a fixed asset costing $128,349, with a residual value of $3,081, and an estimated useful life of 6 years.
What would be the carrying value of this asset on the 12/31/08 Balance Sheet?
The company uses the double declining balance method of depreciation. Round your answer to whole dollars. This is what the answer is supposed to be: 38,029 ± 5.