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On January 2, 202X, North Company purchased equipment with a cost of $600,000, with a useful life of 5 years and a $80,000 salvage value.

On January 2, 202X, North Company purchased equipment with a cost of $600,000, with a useful life of 5 years and a $80,000 salvage value. According to the straight line depreciation method, what is the book value at the end of the fifth year?

options:

A) $392,000

B) $104,000

C) $80,000

D) $208,000

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