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QUESTION 11 BEST Company purchased specialized equipment on January 1, 2011, that cost $100,000, has a residual value of $20,000, and a useful life of

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QUESTION 11 BEST Company purchased specialized equipment on January 1, 2011, that cost $100,000, has a residual value of $20,000, and a useful life of five years. The book value of the asset on January 1, 2014 under the straight-line method is: $20,000 $52,000. $36,000 $68,000 None of the above

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