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Sheridan Corporation bought equipment on January 1 , 2 0 2 1 . The equipment cost $ 3 5 4 0 0 0 and had

Sheridan Corporation bought equipment on January 1,2021. The equipment cost $354000 and had an expected salvage value of $60600. The life of the equipment was estimated to be 6 years. Assuming straight-line deprecation, the book value of the equipment at the beginning of the third year would be
$256200.
$146700.
$97800.
$354000.
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