Calculate the book value of the equipment at the end of year 2 month 3 using the following information assuming the straight-line method and that depreciation is accrued for monthly.

Cost of equipment .  $      469,000

Estimated service life in years 12

Salvage value $        40,000

1.Calculate the book value of the equipment at the end of year 2 month 3 using the following information assuming the straight-line method and that depreciation is accrued for monthly.

 

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