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What the book value of the equipment at the beginning

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Problem - Novak Corp. bought equipment on January 1, 2022. The equipment cost $390000 and had an expected salvage value of $35000. The life of the equipment was estimated to be 5 years. The company uses the straight-line method of depreciation. What the book value of the equipment at the beginning of the third year?

Reference no: EM133026528

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