Answer:
The depreciable cost of the equipment is $400,000
Explanation:
In this question, we are tasked with calculating the depreciable cost of the equipment bought
To calculate this, we simply engage the use of a mathematical relation
Mathematically;
Depreciable cost = Original Cost - Salvage value
From the question, the original cost is $470,000
The salvage value = $70,000
Inputing these values into the equation, we have
Depreciable cost = $470,000 -$70,000 = $400,000
