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What is the book value of deloits''s equipment at december

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Reference no: EM133119122

Question - Deloits Consulting Co. reported the following on its December 31, 2019, balance sheet:

Equipment (at cost) $700,000

In a disclosure note, Deloits indicates that it uses straight-line depreciation over five years and estimates salvage value as 10% of cost. Deloits's equipment averages 3.5 years at December 31, 2019. What's the book value of Deloits's equipment at December 31, 2019?

A) $490,000

B) $210,000

C) $259,000

D) $441,000

Reference no: EM133119122

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