Using the double-declining balance method,the book value at December 31,2013 would be:

Name: Using the double-declining balance method,the book value at December 31,2013 would be:
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Quizplus · Accepted Answer

The double-declining balance method involves depreciating an asset at twice the rate of the straight-line method. Without specific details on the asset's cost, useful life, or prior depreciation, it's assumed that $21,600 is the correct book value after applying this method for the given period.

Using the Double-Declining Balance Method,the Book Value at December 31,2013