Question 2 Cody Enterprises purchased equipment for $64,000, $800 shipping, and $5000 foundation/installation. The equipment is estimated to have a residual value of $6,000 at the end of its 5-year useful life. Using the straight-ine method, what is the book value of the equipment at the end of its third full year of use? $28,400 $31,520 O $25,520 $22,120