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What the depreciable cost of the equipment is

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Problem 1: Monty Corp. bought equipment on January 1, 2022. The equipment cost $360000 and had an expected salvage value of $65000. The life of the equipment was estimated to be 4 years. The depreciable cost of the equipment is

Option 1: $295000.

Option 2: $73750.

Option 3: $360000.

Option 4: $65000.

Reference no: EM132856847

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