On August 1, 20x1, Acme Corp. purchased equipment for $58,998with an estimated salvage value of $9,911 at the end of itsestimated life of 10 years.Acme used the equipment for several years and then On August 1, 20Ã?1, Acme Corp. purchased equipment for \( \$ 58,998 \) with an estimated salvage value of \( \$ 9,911 \) at the end of its estimated life of 10 years. Acme used the equipment for sever 2 answers