Compute the book value of the equipment

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Reference no: EM132420081

Big Rock Times Corporation? (BRT) acquired equipment on January? 1, 2014, for? $300,000. The equipment had an estimated useful life of 10 years and an estimated salvage value of? $25,000. On January? 1, 2017, BRT Corporation revised the total useful life of the equipment to 6 years and the estimated salvage value to be? $10,000. Compute the book value of the equipment as of December? 31, 2017, if BRT Corporation uses straight line depreciation.

Reference no: EM132420081

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