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Equipment Was Purchased for $50,000, Residual Value Is $2,000 and It

Question 37

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Equipment was purchased for $50,000, residual value is $2,000 and it is expected that the useful life is 10 years. What is the amount in the Accumulated Depreciation account after 6 years assuming straight-line depreciation?
$ ________

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$28,800 [(...

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