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Medical Office

A medical office using the double-declining-balance method of depreciation purchased office furniture costing $36,000 and put it into use May 1. The furniture is expected to have a useful life of 10 years and an estimated resale value of $2,400.


Refer to the Medical Office scenario. Compute the book value at the end of the third year.
Textbook 
Contemporary Business Mathematics for Colleges

Contemporary Business Mathematics for Colleges


Edition: 16th
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lpantslpants
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