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What is the book value at January

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Question - Leaping Deer Company purchased a tractor at a cost of $240,000 on January 1, 2015. The tractor has an estimated residual value of $40,000 and an estimated life of 8 years. If Leaping Deer uses the straight-line method, what is the book value at January 1, 2019?

A) $40,000

B) $140,000

C) $160,000

D) Some other answer

Reference no: EM132806840

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