At the beginning of Year 1, ABC Company purchased a piece of equipment for $1,700. This equipment was expected to last 6 years at which time ABC hoped to sell the equipment for $500. At the beginning of Year 7. ABC Company sold the equipment for $600. ABC Company uses the straight line depreciation method. What is the book value of this equipment at the end of Year 2? $200 $1,300 $800 $400