At the beginning of Year 1, ABC Company purchased a piece of equipment for $1,000. This equipment was expected to last 10 years at which time ABC hoped to sell the equipment for $200. At the beginning of Year 11, ABC Company sold the equipment for $300. ABC Company uses the straight line depreciation method. What is the book value of this equipment at the end of Year 2? $160 O $840 $640. $80 Previous Next No new data to save. Last checked at 7:33pm Submit C