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FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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
Transcribed Image Text:QUESTION 4
Drago Company purchased equipment on January 1, 2021, at a total invoice cost of $1,200,000. The equipment has an estimated salvage value of
$30,000 and an estimated useful life of five years. What is the amount of accumulated depreciation at December 31, 2022, if the straight-line
method of depreciation is used?
$480,000
$468,000
$240,000
$234,000
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