Required information The following information applies to the questions displayed below On April 2, 2017, Victor, Inc. acquired a new piece of filtering equipment. The cost of the equipment was $580,000 with a residual value of $30,000 at the end of its estimated useful lifetime of 10 years. If Victor uses straight-line depreciation with the half-year convention, the book value of the equipment at December 31, 2018 will be Multiple Choice $470.000 $497,500 $495,000 $362,500