Business, 09.12.2021 22:10, jessicahanshew99

MacKenzie Manufacturing purchased equipment for $160,000. In addition, shipping charges of $2,000 were incurred to obtain the equipment. The company paid $12,500 to construct a foundation and install the equipment. The equipment is estimated to have a residual value of $15,000 at the end of its 5-year useful life. Using the straight-line method, what is the book value of the equipment at the end of the third full year of use? a. $34,900
b. $34,500
c. $31,900
d. $29,900

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MacKenzie Manufacturing purchased equipment for $160,000. In addition, shipping charges of $2,000 we...