Solution-What is the book value of the equipment for

What is the book value of the equipment for company c

Reference no: EM132795012

DEPRECIATION:

Problem 1: Company C. purchased equipment for 100,000 on 1/1/2020. The depreciation expense on the equipment was 10,000 for 2020 and 10,000 for 2021. The residual value of the equipment is 10,000? At 12/31/2021 what is the book value of the equipment.

a. 100,000

b. 90,000

c. 80,000

d. 70,000

e. None of the above

Reference no: EM132795012

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What is the book value of the equipment for company c

Reference no: EM132795012

Reference no: EM132795012

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