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19. As of December 31, 2019, ABC Company owned the tangible fixed assets. These assets were equipment, furniture, and a lorry. To depreciate the equipment

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19. As of December 31, 2019, ABC Company owned the tangible fixed assets. These assets were equipment, furniture, and a lorry. To depreciate the equipment and furniture, ABC Company used straight-line method. On the other hand, to depreciate lorry, ABC Company used double- declining balance method. To depreciate these assets, ABC Company used depreciation for fractional years rounded to the nearest whole month. The details of these assets were as follows: Purchase Date Lorry February 28, 2014 Equipment March 1, 2017 Furniture August 1, 2017 Original Cost Residual value $120.000 $5,000 $42.500 $500 $38,000 $2.000 Useful life 10 years 8 years 6 years What was the accumulated depreciation of the lorry on December 31, 2016? * (3 Points) 564000 $56.000 some other amount 568 800

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