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Find what is accumulated depreciation on december

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Question 1: On January 1, 2016, ABC purchased a machine costing $15,000 with an estimated residual value of $3,000 and an estimated useful life of four years. The machine is being depreciated on a straight-line basis. What is Accumulated Depreciation on December 31, 2017?

A. $9,000

B. $6,000

C. $7,500

D. $3,000

Reference no: EM132570295

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