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Calculate accumulated depreciation and carrying amount

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Reference no: EM132569430

Question - Jake's Mechanics owns the following long-lived assets:

Asset

Date Purchased

Cost Estimated

Useful Life

Building

January 1, 2010

$74,750

25 years

Vehicles

December 31, 2013

30,100

7 years

Equipment

July 1, 2012

12,720

8 years

Required - For each asset, calculate its accumulated depreciation and carrying amount at December 31, 2017.

Reference no: EM132569430

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