Kansas Enterprises purchased equipment for $60,000 on January 1, 2012. The equipment is expected to have...

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Kansas Enterprises purchased equipment for $60,000 on January 1, 2012. The equipment is expected to have...

Kansas Enterprises purchased equipment for $60,000 on January 1, 2012. The equipment is expected to have a five-year life, with a residual value of $5,000 at the end of five years. Using the double-declining balance method, the book value at December 31, 2013 would be:

A. $21,600

B. $45,600

C. $36,000

D. $24,800

business accounting

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Kansas Enterprises purchased equipment for $60,000 on January 1, 2012. The equipment is expected to have...

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