Question $4(1$ point$)$

On July $1,$ year $1,$ ABC. Ltd$.$ purchased a piece of equipment for $$330000$ plus installation costs of $$70000$ that were necessary to make the equipment operational. ABC. Ltd$.$ has a December $31,$ fiscal year end and uses the straight line depreciation method. The piece of equipment is expected to have a useful life of $10$ years at which time it will have a residual value of $$30000.$ What is the book value of the equipment as of December $31.$ year $3.$ Round your answer to the nearest dollar.

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Question $5(2$ points$)$

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