Calculate the amount of accumulated depreciation

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Reference no: EM131593578

On January 1, 2009, SK Company pays $205,000 cash for factory equipment that has an estimated useful life of 10 years and an expected residual value of $5,000. Calculate the amount of ACCUMULATED DEPRECIATION at December 31, 2010. a. $40,000 b. $165,000 c. $205,000 d. $38,000

Reference no: EM131593578

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