Business, 12.11.2019 07:31 Brycen0

Equipment was purchased for $68,000 on january 1, 2013. freight charges amounted to $2,800 and there was a cost of $8,000 for building a foundation and installing the equipment. it is estimated that the equipment will have a $12,000 salvage value at the end of its 5-year useful life. what is the amount of accumulated depreciation at december 31, 2014, if the straight-line method of depreciation is used? a. $26,720.b. $13,360.c. $11,440.d. $22,880.

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Equipment was purchased for $68,000 on january 1, 2013. freight charges amounted to $2,800 and there...

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