When a company pays its bill from a lawyer for previous services on account, its: Multiple Choice Working capital decreases. Acid-test ratio always remains unchanged. Current ratio always remains unchanged. Debt to equity ratio always decreases. A company reported the following on its December 31,2024 , balance sheet: Equipment (at cost) $700,000 A disclosure note indicates that the company uses straight-line depreciation over five years and estimates salvage value as 10% of cost. The equipment averages 3.5 years on December 31,2024 . What is the book value of the equipment on December 31,2024 ? Multiple Choice $259,000 $441,000 $210,000 $490,000