Equipment with a cost of $500,000 has an accumulated depreciation of $400,000. What is the book value of the equipment?
A) $150,000
B) $50,000
C) $200,000
D) $100,000
Answer: D
Business
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Indicate whether the statement is true or false
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Which of the following is not generally required in order to have a valid contract?
a. Mutual assent. b. A lawful purpose. c. Fairness of the bargain. d. Parties who have contractual capacity.
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