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On january 1 2001 dc company purchased equipment at a cost

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On January 1, 2001, DC Company purchased equipment at a cost of $105,000. The equipment was estimated to have a useful life of 5 years and a salvage value of $15,000. DC uses the sum-of-the-year's digits method of depreciation. What should the accumulated depreciation be at December 31, 2003 after adjusting entries?

Reference no: EM13596536

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