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Martinez Corp. bought equipment on January 1, 2017. The equipment cost $250000 and had an expected salvage value of $65000. The life of the equipment

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Martinez Corp. bought equipment on January 1, 2017. The equipment cost $250000 and had an expected salvage value of $65000. 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 $188333. $185000. $61667. $250000

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