# accounting

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cost of rental equipment is \$486,902, accum. amortization is \$418,713, net book value for 2006 is \$68,169 and 2005 is \$74,018. Amortization of rental equipment for the year amounted to \$22,205 (2005 - \$14,379). i need to calculate the cost for year 2007, the accum. amort. for 2007 and net book value for 2007.

The declining balance rate is 30%. Any additions to rental equipment in the current year are amortized at one-half of the above rates.

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