Multiple Choice
A machine is purchased for $130 000.It is estimated that it has a useful life of 8 years and will then be sold for $10 000.Using the straight-line method the balance in the accumulated depreciation account at the end of the third year of the machine's useful life is:
A) $120 000
B) $45 000
C) $48 750
D) $15 000
Correct Answer:
Verified
Correct Answer:
Verified
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