A piece of equipment is purchased for $18,000 and has a salvage value of $2,000. The estimated life is 10 years and the method of depreciation is straight-line. Shipping costs total $620 and installation costs are $590. The book value at the end of year 10 is: a. $3,110. b. $2,110. c. $2,000. d. $1,110.
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