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What is the balance in accumulated depreciation as of dec

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The Lopen Company purchased a piece of equipment on June 1, 2018 for $75,000. The equipment had a salvage value of $10,000 and a useful life of 6 years. Lopen elected to use the sum-of-the-years digits method to depreciate the asset.

Question 1: What is the balance in accumulated depreciation as of December 31, 2020?

Reference no: EM132506860

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