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What is balance of accumulated depreciation for mary corp

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Problem 1: Mary Corp. purchased a machine on January 1, 2010 for $50,000. The residual value is zero and the estimated useful life is 5 years. Mary Corp uses straight-line depreciation. On January 1, 2013, Mary Corp took impairment on this machine and wrote it down to $15,000. What is the balance of accumulated depreciation for this machine at the end of 2013?

Reference no: EM132967080

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