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Find what the depreciable cost of the equipment is

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Problem 1: Sarasota Corp. bought equipment on January 1, 2022. The equipment cost $390000 and had an expected salvage value of $50000. The life of the equipment was estimated to be 6 years. The depreciable cost of the equipment is

Option 1: $390000.

Option 2: $340000.

Option 3: $50000.

Option 4: $56667.

Reference no: EM132680385

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