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Comet Cleaning Company reported the following on its December 31, 2024, balance sheet: Equipment (at cost) $3,000,000 In a disclosure note, Comet indicates that it

Comet Cleaning Company reported the following on its December 31, 2024, balance sheet:

Equipment (at cost) $3,000,000

In a disclosure note, Comet indicates that it uses straight-line depreciation over six years and estimates salvage value as 10% of cost. Comet's equipment averages 4.5 years on December 31, 2024.

Required:

What is the book value of Comet's equipment on December 31, 2024?

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