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Calculate the amount of accumulated depreciation

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Question - On January 1, 2020, Plato Company purchased equipment for $161,000. The equipment was assigned a salvage value of $8,000 and a 9-year life. The sum-of-the-years-digits' method will be used to record depreciation on the equipment. Calculate the amount of accumulated depreciation relating to the equipment that would appear on Plato Company's December 31, 2023 balance sheet?

Reference no: EM132156273

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