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What is the accumulated depreciation at the end of year

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Reference no: EM132771578

Initial Purchase

Price of Asset: $100,000

Salvage Value: $ 0

Useful Life: 5 years

Problem 1. What is the depreciation expense for year 1, assuming straight-line depreciation?

A. 10,000

B. 12,000

C. 15,000

D. 18,000

E. 20,000

Problem 2. What is the accumulated depreciation at the end of year 2, assuming straight-line depreciation?

A. 20,000

B. 25,000

C. 30,000

D. 35,000

E. 40,000

Reference no: EM132771578

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