Sargent Corporation bought equipment on January 1, 2017, the equipment cost 540,000 and had an...
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Accounting
Sargent Corporation bought equipment on January 1, 2017, the equipment cost 540,000 and had an expected residual value of 40,000, the life of the equipment was estimated to be 5 years, the book value of the equipment at the end of the first year would be Select one: a. 100,000 b. 500,000 c. 440,000 d. 540,000
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