Acompany purchased a piece of equipment for $350,000 in 2008. as of 12/31/2015, $215,000 of depreciation expense had been recognized against this piece of equipment. what is the equipment's net book value on 12/31/2015?

The equipment's net book value on 12/31/2015 is $ 135000.

Explanation:

Net book value of the equipment on 12/31/2015 is given by:

Net book value = cost of the equipment - depreciation expense recognized until 12/31/2015

                          = $ 350000 - $ 215000

                          = $ 135000

Therefore, the equipment's net book value on 12/31/2015 is $ 135000.

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2. a talk with them

3. ask someone you trust

4. ignore

5. call police

answer; monopolistic competition;