Multiple Choice
Mitchell Corporation bought equipment on January 1, 2017. The equipment cost $300,000 and had an expected salvage value of $50,000. The life of the equipment was estimated to be 6 years. The book value of the equipment at the beginning of the third year would be
A) $300,000.
B) $250,000.
C) $216,666.
D) $83,333.
Correct Answer:
Verified
Correct Answer:
Verified
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