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What will be the carrying amount of the equipment

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Question - Cuso Ltd purchased equipment on 1 January 2020 at a total invoice cost of $500,000. The equipment has an estimated residual value of $40,000 and an estimated useful life of 4 years. If the company uses straight-line depreciation, what will be the carrying amount of the equipment at 31 December 2022?

Reference no: EM133183366

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