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Business, 13.10.2021 02:50 leo4687

Equipment was purchased for $51,000 on January 1, 2011. Freight charges amounted to $2,100 and there was a cost of $6,000 for building a foundation and installing the equipment. It is estimated that the equipment will have a $9,000 salvage value at the end of its 5-year useful life. What is the amount of accumulated depreciation at December 31, 2012, if the straight-line method of depreciation is used?

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