Uab ac 200 exam 3 - Study guides, Class notes & Summaries
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UAB AC 200 - Exam 3 with 100% correct answers.
- Exam (elaborations) • 26 pages • 2024
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Digger Enterprises purchased equipment for $64,000. In addition, shipping charges of $800 were incurred to obtain the equipment. The company paid $5,000 to construct a foundation and install the equipment. The equipment is estimated to have a residual value of $6,000 at the end of its 5-year useful life. Using the straight-line method, what is the book value of the equipment at the end of the third full year of use? 
a. $22,120 
b. $28,400 
c. $31,520 
d. $25,520 
C. $31,520 
 
 
 
Zebra Inc. bu...
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