Suppose that on January 1 Warnock Travel Company paid cash of $50,000 for equipment that is expected to remain useful for two years. At the end of two years, the equipment's value is expected to be zero. Read the requirements. Equip Equipment Jan 1 50,000 Dec 31 25,000 Dec 31 25,000 Bal - 50,000 Bal 25,000 Bal 25,000 3. What is the equipment's book value at December 31? Use the table below to calculate the book value of the equipment Less: Book value at December 31