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Please solve and show work eida Gear, Master FC Sneakers, Here. | Fli ENGLISH (EN) n 14 Mitchell Corporation bought equipment on January 1,2017. The
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eida Gear, Master FC Sneakers, Here. | Fli ENGLISH (EN) n 14 Mitchell Corporation bought equipment on January 1,2017. The equipment cost $300,000 and had an expected salvage value of $50,000. The life of the equipment was estimated to be 6 years. The book value of the equipment at the beginning of the third year would be ed out of Select one OA. $300,000. B. $250,000. O C. $216,666. O D. $83,333. on 15 et ered ed out of ion Rains Company purchased equipment on January 1 at a list price of $125,000, with credit terms 2/10, n/30. Payment was made within the discount period. Rains paid $6,250 sales tax on the equipment, and paid installation charges of $2,200. Prior to installation, Rains paid $5,000 to pour a concrete slab on which to place the equipment. What is the total cost of the new equipment? Select one: O A. $131,250. B. $135,950. O C. $138,450. lag tion D. $126,250 stion 16 yet wered rked out of The balance in the Accumulated Depreciation account represents the Select oneStep by Step Solution
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