What is the book value at december 31 2025

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Question: On January 1, 2022, Lucero Comics, Inc. acquired machinery at a cost of $500,000. The equipment has an estimated residual value of $15,000 and an estimated life of 8 years. If Lucero, Inc. uses the straight-line method, what is the book value at December 31, 2025 (end of fourth year)?

Reference no: EM133328349

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