Multiple Choice
Sargent Corporation bought equipment on January 1, 2015. The equipment cost $360,000 and had an expected salvage value of $60,000. The life of the equipment was estimated to be 6 years. The depreciable cost of the equipment is
A) $360,000.
B) $300,000.
C) $200,000.
D) $50,000.
Correct Answer:
Verified
Correct Answer:
Verified
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