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What is the book value of the medical equipment

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Reference no: EM132968201

Problem 1: Medical equipment that costs $500,000 today has $100,000 salvage value at the end of five years. If the straight-line depreciation method is used, what is the book value of the medical equipment at the end of two years?

a. $0
b. $20,000
c. $100,000
d. $280,000
e. $300,000
f. $340,000
g. $400,000
h. $500,000

Reference no: EM132968201

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