Question 17 (1 point) On January 1, year 1. ABC. Ltd, purchased a piece of equipment for $ 230000 plus installation costs of $ 75000 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 14 years at which time it will have a residual value of $ 20000. What is the book value of the equipment as of December 31. year 2. Round your answer to the nearest dollar. 8 Your