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Equipment with a Useful Life of 5 Years and a Residual

Question 77

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Equipment with a useful life of 5 years and a residual value of $6,000 was purchased on January 3,2006,for $48,500.The machine was sold on January 5,2011,for $13,000.
Equipment with a useful life of 5 years and a residual value of $6,000 was purchased on January 3,2006,for $48,500.The machine was sold on January 5,2011,for $13,000.

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