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How much is the accumulated depreciation of the machine

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Problem 1: On January 1, 2019, Ice Company purchased a machinery for $30,000. The machinery has an estimated useful life of five years with a residual value of $5,000. How much is the accumulated depreciation of the machine on December 31, 2021?

Select one:

Option a. $18,000

Option b. $5,000

Option c. $6,000

Option d. $15,000

Reference no: EM132618036

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