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Equipment with a cost of $250,000 has an estimated residual value of $30,000 and an estimated life of 10 years or 19,000 hours. It is
Equipment with a cost of $250,000 has an estimated residual value of $30,000 and an estimated life of 10 years or 19,000 hours. It is to be depreciated by the straight-line method. What is the amount of the equipment book value after three years of usage?
Select one:
a.
$184,000.
b.
$66,000.
c.
$154,000.
d.
$22,000.
e.
None of the above answers is correct.
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