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Table ACC 203-1 On January 1, 2018, Knight Security Service purchased an alarm monitoring system for $110,000 The system is expected to be used for

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Table ACC 203-1 On January 1, 2018, Knight Security Service purchased an alarm monitoring system for $110,000 The system is expected to be used for 5 years, after which it can be sold for $20,000. 8. Refer to Table ACC 203-1. What is the book value of the equipment on December 31, 2019 if Knight uses the straight-line method of depreciation? c. $74,000 d. $54,000 a. $72,000 b. $92,000 4 Page

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