Required 1A Required 1B Required 2 Assume the company uses straight-line depreciation for the equipment. At the beginning of the second year, we determine that the equipment has only two more years of remaining useful life. For Firm E, compute the equipment's book value at the end of its first year. Important! Be sure to click the correct Firm at the top of the dashboard. Show less & Firm Book Value at the End of Year 1: E Cost $ 39,000 X E Accumulated depreciation after Year 1 18,000 X E Book value at point of revision $ 21,000 < Required 1A Required 1B >