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What is the amount of the equipment book value

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Reference no: EM132967597

Problem 1: Equipment with a cost of $250,000 has an estimated residual value of $30,000 and an estimated life of 10 years or 19,000 hours. It is to be depreciated by the straight-line method. What is the amount of the equipment book value after three years of usage?

Select one:

a. $184,000.
b. $66,000.
c. $154,000.
d. $22,000.
e. None of the above answers is correct.

Reference no: EM132967597

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