Equipment acquired on January 3, 2007, at a cost of $494,400, has an estimated useful life of 15 years, has an estimated residual value of $40,800, and is depreciated by the straight-line method.

a. What was the book value of the equipment at December 31, 2010, the end of the year?


I came up with 426384

Please redo your problem it is wrong

Indeed, how can your equipment get more value if it depreciates? :confused: