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Big Rock Times Corporation (BRT) acquired equipment on January 1,2014,for $300,000.The equipment had an estimated useful life of 10 years and an estimated salvage value of $25,000.On January 1,2017,BRT Corporation revised the total useful life of the equipment to 6 years and the estimated salvage value to be $10,000.Compute the book value of the equipment as of December 31,2017,if BRT Corporation uses straight-line depreciation.
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