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"Compute the book value at the end of 5 years using double-declining-balance (DDB) depreciation schedule for...

"Compute the book value at the end of 5 years using double-declining-balance (DDB) depreciation schedule for the following asset:
Cost of the asset, I: $298,000.
Useful life, N: 7 years.
Salvage value, S: $35,000."

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