Drago Company purchased equipment on January 1, 2012, at a total invoice cost of $800,000. The equipment has an estimated salvage value of $20,000 and an estimated useful life of 5 years. What is the amount of accumulated depreciation at December 31, 2013, if the straight-line method of depreciation is used?   Question 27 options:   $160,000   $320,000   $156,000   $312,000

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