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?
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Mackenzie manufacturing purchased equipment for $160,000. in addition, shipping charges of $2,000 we...
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