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Equipment with a cost of $160,000 purchased on July 31, 2021, has an estimated residual value of $10,000 and an estimated life of 5
Equipment with a cost of $160,000 purchased on July 31, 2021, has an estimated residual value of $10,000 and an estimated life of 5 years or 12,000 hours. It is to be depreciated by the straight-line method. What is the book value as of December 31, 2021?
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Cost Accounting Foundations and Evolutions
Authors: Michael R. Kinney, Cecily A. Raiborn
9th edition
9781285401072, 1111971722, 1285401077, 978-1111971724
