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In: Accounting

On January 1, 2020, Betty DeRose, Inc. purchased equipment for $95,000. The equipment was assigned an...

On January 1, 2020, Betty DeRose, Inc. purchased equipment for
$95,000. The equipment was assigned an estimated useful life
of 15 years and a salvage value of $15,200. On January 1, 2024,
Betty DeRose decided the life of the equipment should be changed
from 15 to 25 years with a salvage value of $8,200 at the end of
the 25 years. Betty DeRose uses the straight-line depreciation
method to calculate depreciation on its assets.

Calculate the book value of the equipment at December 31, 2028.

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ekkarill92 answered 2 years ago
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