Equipment was purchased for $50,000, residual value is $2,000 and it is expected that the useful life is 10 years. What is the book value of the equipment after the third year assuming straight-line depreciation?
$ ________

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The Answer of Equipment was purchased for $50,000, residual value is $2,000 and it is expected that the useful life is 10 years. What is the book value of the equipment after the third year assuming straight-line depreciation?
$ ________

Equipment Was Purchased for $50,000, Residual Value Is $2,000 and It