What is the book value as of december

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Jackson Corporation acquired equipment on January 1, 2010, for $320,000. The equipment had an estimated useful life of 10 years and an estimated salvage value of $25,000. On January 1, 2013, Jackson Corporation revised the total useful life of the equipment to 6 years and the estimated salvage value to be $20,000. Using the straight-line method of depreciation, what is the book value as of December 31, 2013?

Reference no: EM132418993

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