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Bridgeport Corp. bought equipment on January 1, 2017. The equipment cost $440000 and had an expected salvage value of $65000. The life of the equipment

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Bridgeport Corp. bought equipment on January 1, 2017. The equipment cost $440000 and had an expected salvage value of $65000. The life of the equipment was estimated to be 5 years. The company uses the straight-line method of depreciation. The book value of the equipment at the beginning of the third year would be $440000 $290000. O $150000 $375000

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