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You own some equipment that you purchased 3 years ago at a cost of $200,000. The equipment is 5-year property for straight-line depreciation. You are
You own some equipment that you purchased 3 years ago at a cost of $200,000. The equipment is 5-year property for straight-line depreciation. You are considering selling the equipment today for $87,000. What is the book value of the equipment today?
$200,000 | ||
$160,000 | ||
$120,000 | ||
$80,000 | ||
$40,000 | ||
zero |
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