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Determine the balance in accumulated depreciation

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Question - A company purchased factory equipment for $88,000 on January 1 It is estimated that the equipment will have a $8,000 salvage value at the end of its estimated 5-year useful life. If the company uses the straight-line method of depreciation, determine the balance in Accumulated Depreciation at the end of the third year?

Reference no: EM133088437

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