Question: Question 4 (1 point) On October 1, year 1, ABC. Ltd. purchased a piece of equipment for $ 410000 plus installation costs of $ 50000

Question 4 (1 point) On October 1, year 1, ABC. Ltd. purchased a piece of equipment for $ 410000 plus installation costs of $ 50000 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 16 years at which time it will have a residual value of $ 100000. What is the book value of the equipment as of December 31, year 3. Round your answer to the nearest dollar Your

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