(2) Sargent Corporation bought equipment on January 1, 2017. The equipment cost $360,000 and had an expected salvage value of $60,000. The life of the equipment was estimated to be 6 years. Assuming straight-line deprecation, the book value of the equipment at the beginning of the third year would be Select one: O a, $100,000. b. 5360,000. C5150,000. d. $260,000 The net amount expected to be received in cash from receivables is termed the Select one: a. cash-good value. b. gross cash value. c. cash realizable value. d. cash-equivalent value