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What is accumulated depreciation on this piece of equipment

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Question - On January 1, 20x2, Astro Ltd. purchased a piece of equipment costing $90,000. At the time, the equipment's useful life was expected to be 8 years with an estimated residual value of $16,000. Assuming the company uses straight-line depreciation, what is the accumulated depreciation on this piece of equipment at December 31, 20x2?

Reference no: EM133061970

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