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Business, 19.03.2020 21:21 parkerfreeze

On January 1, 2018, Pritchett Corporation purchased equipment for $50,000. The equipment had a five-year life with a $10,000 residual value. Pritchett uses the straight-line depreciation method. What is the book value of the equipment on January 1, 2021?

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On January 1, 2018, Pritchett Corporation purchased equipment for $50,000. The equipment had a five-...
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