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ABC Company has equipment which they purchased in 2021 for $125,000. It was determined to have a useful life of 10 years and no residual
ABC Company has equipment which they purchased in 2021 for $125,000. It was determined to have a useful life of 10 years and no residual value. After recording the depreciation for 2023 the balance in Accumulated depreciation for the equipment is $37,500. What is the book value of the equipment? DO NOT use a $ sign in your answer. It should be a number using commas for thousands. For example, 10,500
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