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Find what the book value at december would be

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A company purchased equipment for $60,000 on January 1, 2018. The estimated useful life of the equipment is 5 years, with a residual value of $5,000at the end of five years.

Problem 1: using the straight line method, the book value at December 31, 2018 would be?

 

Reference no: EM132756055

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