Question: Use the information provided below to answer the following question (same for set of 3 questions). On January 2, 20X6, Kansas Corporation acquired equipment for

Use the information provided below to answer the following question (same

Use the information provided below to answer the following question (same for set of 3 questions). On January 2, 20X6, Kansas Corporation acquired equipment for $140,000. The estimated life of the equipment is 5 years or 20,000 hours. The estimated residual value is $40,000. What is the asset's book value at December 31, 2017

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