Use the double-declining-balance method of depreciation. Round to the nearest dollar.Royal Oaks Golf Course buys a tractor for $8,900 and estimates the life at 8 years with a scrap value of $890. What is its book value at the end of the fourth year?

A. $890
B. $2,534
C. $2,816
D. $4,005


Answer: C

Mathematics

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