Business, 13.12.2019 04:31 joe805

At the beginning of year 1, looby corp. purchases equipment for $100,000. the equipment has a residual value of $20,000 and an expected useful life of 10 years. assuming straight-line depreciation, what is book value at the end of year 2?
a) 10,000 dollars
b) 28,000 dollars
c) 8,000 dollars
d) 30,000 dollars

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At the beginning of year 1, looby corp. purchases equipment for $100,000. the equipment has a residu...