The Lions Minor League baseball franchise purchased 5 batting cages for a total of $102,500. They are expected to have a 7 year useful life and a trade-in value of $5,000. Using the 150% declining-balance method of depreciation, what is the book value at the end of the first year?

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The Answer of The Lions Minor League baseball franchise purchased 5 batting cages for a total of $102,500. They are expected to have a 7 year useful life and a trade-in value of $5,000. Using the 150% declining-balance method of depreciation, what is the book value at the end of the first year?

The Lions Minor League Baseball Franchise Purchased 5 Batting Cages