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On january 1 2017 abc company purchased a large piece of

Question - On January 1, 2017, ABC Company purchased a large piece of equipment for $285,000. The equipment was assigned a salvage value of $$15,000 and a life of 9 years. ABC Company uses the sum-of-the-years-digits' method of depreciation.

Calculate the book value of the equipment at December 31, 2020. Do not use decimals in your answer.

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Accounting Basics: On january 1 2017 abc company purchased a large piece of

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Accounting Basics: On january 1 2017 abc company purchased a large piece of

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