Apiece of equipment was acquired on january 1, 2018, at a cost of $28,000, 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?

$7,000

Explanation:

Data provided in the question:

Cost of the equipment = $28,000

Residual value = $4,000

Useful life = 4 years

Now,

Using the double-declining-balance method

Rate of annual depreciation = 2 × [1 ÷ ( useful life ) ]

= 2 × [1 ÷ 4 ]

= 0.5 or 50%

Thus,

Book value at the end of 2018 i.e 31 December 2018

= Book value on January 1, 2018 - Depreciation

= $28,000 - ( 0.5 × $28,000 )

= $28,000 - $14,000

= $14,000

Hence,

Book value on 31 December 2019

= Book value on January 1, 2019 - Depreciation

= $14,000 - ( 0.5 × $14,000 )

= $14,000 - $7,000

= $7,000

muslims control the north africa during the period of 1500 up

to 1800. they made a barrier to prevent further european exploration from

entering the africa from the north. however, the dutch ware still able to move

toward the interior with having south africa as one of the routes leading to

the east for trading with asia.

i would say iii (3) because in order to compare a price you have to use as a reference other near stores because it's its

hope i explained myself