Business, 31.10.2020 03:30 dependentclause5828
If equipment with a 5-year life was purchased on July 1, 2022 for $60,000, by December 31, 2023,
A) the accumulated depreciation would be $18,000 and the carrying amount would be $42,000
B) the accumulated depreciation would be $12,000 and the carrying amount would be $48,000
C) the accumulated depreciation would be $30,000 and the carrying amount would be $30,000.
D) the accumulated depreciation would be $24,000 and the carrying amount would be $36,000.
Answers: 3
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If equipment with a 5-year life was purchased on July 1, 2022 for $60,000, by December 31, 2023,
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