Cuso Company purchased equipment on January 1, 2003, at a total invoice cost of $400,000. The equipment
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Cuso Company purchased equipment on January 1, 2003, at a total invoice cost of $400,000. The equipment has an estimated sal- vage value of $10,000 and an estimated useful life of 5 years. What is the amount of accu- mulated depreciation at December 31, 2004, if the straight-line method of depreciation is used?
(a) $80,000.
(c) $78,000.
(d) $156,000.
(b) $160,000.
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Related Book For 
Financial Accounting Tools For Business Decision Making
ISBN: 9780471691952
3rd Edition
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
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