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Compute the accumulated depreciation at the fiscal year

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Question - On July 1, 2019, Bronson Co. purchased some equipment that initially cost $52,800. Additional costs included freight costs $300, non-refundable taxes $6,400, and installation $500. Estimated residual value is $2,000. The company uses a straight-line rate of 10%. Bronson's fiscal year end is June 30. Compute the accumulated depreciation at the fiscal year end of 2022?

Reference no: EM132520343

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