Business
Business, 04.12.2019 04:31, TheOverlordOfWhales

Gulf consulting co. reported the following on its december 31, 2021, balance sheet: equipment (at cost) $700,000 in a disclosure note, gulf indicates that it uses straight-line depreciation over five years and estimates salvage value as 10% of cost. gulf's equipment averages 3.5 years at december 31, 2021. what is the book value of gulf's equipment at december 31, 2021?

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