Business, 21.04.2020 01:46 HecptyAura

Pina Colada Corp bought equipment on January 1, 2017. The equipment cost $490000 and had an expected salvage value of $70000. The life of the equipment was estimated to be 5 years. The company uses the straight-line method of depreciation. The book value of the equipment at the beginning of the third year would be:
a. 35750
b. 420000
c. 143000
d. 167000

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Pina Colada Corp bought equipment on January 1, 2017. The equipment cost $490000 and had an expected...