On 2 April 2013, Victor, Inc. acquired a new piece of filtering equipment. The cost of the equipment was $160,000 with a residual value of $20,000 at the end of its estimated useful lifetime of 4 years.
-Refer to the above information. If Victor uses straight-line depreciation with the half-year convention, the book value of the equipment at 31 December 2014 will be:

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The Answer of  On 2 April 2013, Victor, Inc. acquired a new piece of filtering equipment. The cost of the equipment was $160,000 with a residual value of $20,000 at the end of its estimated useful lifetime of 4 years.
-Refer to the above information. If Victor uses straight-line depreciation with the half-year convention, the book value of the equipment at 31 December 2014 will be: