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What is the amount of accumulated depreciation at december

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Problem - Equipment was purchased for $86300 on January 1, 2021. Freight charges amounted to $3800 and there was a cost of $12000for building a foundation and installing the equipment. It is estimated that the equipment will have a $22000 salvage value at the end of its 5-year useful life. What is the amount of accumulated depreciation at December 31, 2022 if the straight-line method of depreciation is used?

Reference no: EM132461660

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