Voltage industries, a calendar-year company, purchases equipment for $85,000 on january 2nd, 2017. the equipment's expected useful life is five years, and the expected salvage value of the equipment is $5,000.
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Baldwin's balance sheet has $86,543,000 in equity. next year they expect assets to increase by $4,000,000 and liabilities to decrease by $2,000,000. if that happens, what will be baldwin's book value?
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