Sargent Corporation bought equipment on January 1, 2020. The equipment cost 540,000 and had an...
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Accounting
Sargent Corporation bought equipment on January 1, 2020. The equipment cost 540,000 and had an expected residual value of 90,000. 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, using the straight- line method? a. 540,000 Page 6 of 6 b. 450,000 c. 390,000 d. 150,000
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