On April 1, year 1, ABC. Ltd. purchased a piece of equipment for $ 400000 plus installation costs of $ 50000 that were necessary to make the equipment operational. ABC. Ltd. has a December 31, fiscal year end and uses the straight line depreciation method. The piece of equipment is expected to have a useful life of 12 years at which time it will have a residual value of $ 50000. What is the book value of the equipment as of December 31, year 4. Round your answer to the nearest dollar. Your Answer: 217013