Multiple Choice
Mitchell Corporation bought equipment on January 1, 2014. The equipment cost $180,000 and had an expected salvage value of $30,000. 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) $180,000.
B) $150,000.
C) $130,000.
D) $50,000.
Correct Answer:
Verified
Correct Answer:
Verified
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