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What is the average age of the equipment owned by Sublim

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Reference no: EM133127462

Question - Sublim Advertising, Inc., reported the following in its December 31, 2019, balance sheet:

Equipment $500,000

Less: Accumulated depreciation equipment $135,000

In a disclosure note, Sublim indicates that it uses straight-line depreciation over 10 years and estimates salvage value at 10% of cost. What is the average age of the equipment owned by Sublim?

Reference no: EM133127462

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