Sargent Corporation bought equipment on January 1, 2017. The equipment cost $360,000 and had an expected salvage value of $60,000. The life of the equipment was estimated to be 6 years. Assuming straight-line deprecation, the book value of the equipment at the beginning of the third year would be Select one: a. $150,000. b. $260,000. c. $360,000. d. $100,000.

FINANCIAL ACCOUNTING
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Chapter1: Financial Statements And Business Decisions
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Sargent Corporation bought equipment on January 1, 2017. The equipment cost $360,000 and had an expected salvage value of $60,000. The life of the equipment was estimated to be 6 years. Assuming straight-line deprecation, the book value of the equipment at the beginning of the third year would be Select one: a. $150,000. b. $260,000. c. $360,000. d. $100,000.
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