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Calculate the book value of the equipment on December

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    Assignment ID: FG133141722

    Question – On January 1, 2009, Kais Inc. purchased a piece of equipment at a cash cost of $225,000. The estimated useful life is 5 years and the estimated residual value is $25,000. Assuming Kais Inc. uses the double declining balance method of depreciation, calculate the book value of the equipment on December 31, 2010?

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