On April 2. Yeart, Victor, incorporated acquired a new piece of filtering equipment. The cost of the equipment was $280,000 with a residual value of $20,000 at the end of its estimated useful lifetime of 5 years. Victor uses a calendar year-end for financial reporting If Victor uses straight-line depreciation with the half-year convention, the book value of the equipment at December 31, Year 2 will be Multiple Choice $202.000 $175.000 $175,000 $200.000