A company purchased equipment on January 1, Year 1. The equipment cost $360,000 and had an expected salvage value of $40,000. The life of the equipment was estimated to be 5 years and straight line depreciation is used. The book value of the equipment at the end of the third year would be O $128,000 O $192,000 O $215,000 O $168,000 O $360,000 BEFORE STRIKING No new data to save. Last checked at 7:06pm Q Search Next Submit Quiz DELL 4

A company purchased equipment on January 1, Vear 1 . The equipment cost $360,000 and had an expected salvage value of $40,000. The life of the equipment was estimated to be 5 years and straight line depreciation is used. The book yalue of the equipment at the end of the third year would be $128,000 $192,000 $215,000 $168,000 $360,000