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32. A piece of capital equipment costing $400,000 today has no (zero) salvage value at the end of five years. If straight-line depreciation is used,
32. A piece of capital equipment costing $400,000 today has no (zero) salvage value at the end of five years. If straight-line depreciation is used, What is the book value of the equipment at the end of three years? A. $120,000 B. $80,000 C. $160,000 D. $240,000
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Managerial Accounting
Authors: Ray H Garrison, Alan Webb, Theresa Libby
11th Canadian Edition
1259275817, 978-1259275814
