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34 10 points Golden Sales has bought $135,000 in fixed assets on January 1st associated with sales equipment. The residual value of these assets is
34 10 points Golden Sales has bought $135,000 in fixed assets on January 1st associated with sales equipment. The residual value of these assets is estimated at $10,000 at the end of their 4-year service life. Golden Sales managers want to evaluate the options of depreciation. Answer questions 34 and 35 using that information. If the accountant chooses to use straight-line depreciation the annual depreciation will be type your answer... 35 10 points to The entry to record the depreciation for year 3 is Dr. Depreciation Expense $16,875 Cr. Accumulated Depreciation $16,875 Dr. Depreciation Expense $93,750 Cr. Accumulated Depreciation $93,750 None of the Above O Dr. Depreciation Expense $31,250 Cr. Accumulated Depreciation $31,250
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