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StormLrd StormLrd
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4 years ago
Big Rock Times Corporation (BRT) acquired equipment on January 1, 2012, for $300,000. The equipment had an estimated useful life of 10 years and an estimated salvage value of $25,000. On January 1, 2015, BRT Corporation revised the total useful life of the equipment to 6 years and the estimated salvage value to be $10,000. Compute the book value of the equipment as of December 31, 2015, if BRT Corporation uses straight-line depreciation.
A) $148,333
B) $151,667
C) $155,000
D) $190,000
Textbook 

Cost Accounting: A Managerial Emphasis, Canadian Edition


Edition: 7th
Authors:
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AlexmosutheAlexmosuthe
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Posts: 470
4 years ago
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