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Indigo Corporation bought equipment on January 1, 2022. The equipment cost $350000 and had an expected salvage value of $50000. The life of the equipment
Indigo Corporation bought equipment on January 1, 2022. The equipment cost $350000 and had an expected salvage value of $50000. The life of the equipment was estimated to be 6 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 $250000. O $100000. $350000. O $300000
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