Question
A company has purchased a piece of equipment for $140,000. They intend to write this asset down straight-line to 0 over its estimated 7-year life.
A company has purchased a piece of equipment for $140,000. They intend to write this asset down straight-line to 0 over its estimated 7-year life. They also intend to sell it after 4 years. What will it's book value be at the end of Year 4?
Multiple Choice
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$80,000
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$60,000
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$40,000
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$0
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ISE Essentials Of Investments
Authors: Zvi Bodie, Alex Kane, Alan Marcus
12th International Edition
1265450099, 9781265450090
