On January 1, year 1, ABC. Ltd. purchased a piece of equipment for $ 260000 plus installation costs of $ 80000 that were necessary to make the equipment operational. ABC. Ltd. uses the double declining balance method. The piece of equipment is expected to have a useful life of 10 years at which time it will have a residual value of $ 40000. What is the book value of the equipment as of December 31, year 4. Round your answer to the nearest dollar