On<br/>January 1, 2014, Portwell Company purchased a equipment for $210,000.<br/>They estimate a useful life of 4 years, residual value is $10,000. <br/>At the end of 2014, the balance in the equipment account will be:( <br/>) A: $200,000 B: $210,000 C: $150,000 D: $160,000
On<br/>January 1, 2014, Portwell Company purchased a equipment for $210,000.<br/>They estimate a useful life of 4 years, residual value is $10,000. <br/>At the end of 2014, the balance in the equipment account will be:( <br/>) A: $200,000 B: $210,000 C: $150,000 D: $160,000
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