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Calculate the amount of accumulated depreciation

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Question - On June 1, 2022, Duncan Inc. purchased equipment for $75,000. The equipment had an estimated useful life of 10 years and an estimated salvage value of $6,000. Assume the company employs the straight-line method of depreciation.

Calculate the amount of accumulated depreciation on the equipment shown in the balance sheet at December 31, 2028.

Reference no: EM132044796

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