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Equipment Costing $80,000 with a Useful Life of 10 Years

Question 186

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Equipment costing $80,000 with a useful life of 10 years and a residual value of $8,000 has been depreciated for six years by the straight-line method.Assume a fiscal year ending December 31. Equipment costing $80,000 with a useful life of 10 years and a residual value of $8,000 has been depreciated for six years by the straight-line method.Assume a fiscal year ending December 31.

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