A piece of equipment was acquired on January 1, 2018, at a cost of $36,000, with an estimated residual value of $4,000 and an estimated useful life of Four years. The company uses the double-declining-balance method. What is its book value at December 31, 2019? Multiple Choice $9,000 $16,000 $18,000 $20,000

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05-05-2021
Mathematics

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A piece of equipment was acquired on January 1, 2018, at a cost of $36,000, with an estimated residual value of $4,000 and an estimated useful life of Four years. The company uses the double-declining-balance method. What is its book value at December 31, 2019? Multiple Choice $9,000 $16,000 $18,000 $20,000

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