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Homework answers / question archive / DDBM: A property that is book-depreciated over a 10-year period by the Double Declining Balance Method has $14,680

DDBM: A property that is book-depreciated over a 10-year period by the Double Declining Balance Method has $14,680

Accounting

DDBM: A property that is book-depreciated over a 10-year period by the Double Declining Balance Method has $14,680.06 book value on the 7th year. Determine the first cost of the property (round-off k to 4 decimal places).

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