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on january 1, 2018, lennox corporation purchased equipment for $100,000. lennox depreciated the equipment straight--line over 10 years with no residual value. what is the book value of the equipment on
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on january 1, 2018, lennox corporation purchased equipment for $100,000. lennox depreciated the equipment straight--line over 10 years with no residual value. what is the book value of the equipment on january 1, 2021?

User Guy Louzon
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1 Answer

5 votes

Answer: $70,000

Explanation: $100,000/10 years = $10,000

User Kiro
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