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Business, 18.02.2020 22:10 clapoint2003p3chnu

On January 1, of 20X1, Oriole Corp. purchased equipment for $160,000. The equipment has a useful life of 8 years with no residual value. In Years X1 through X2, Oriole used the double-declining-balance method of depreciation. At the start of 20X3, Oriole changes to the straight-line method of depreciation. What is the book value of the equipment at the end of year 3?

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On January 1, of 20X1, Oriole Corp. purchased equipment for $160,000. The equipment has a useful lif...
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