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A company uses sinking fund method in its depreciation policy. During the year they bought an equipment with a residual value of 1 0 ,

A company uses sinking fund method in its depreciation policy. During the year they bought an equipment with a residual value of 10,000 and a useful life of 15 years. If the interest is 12% and the depreciation on year 1 is 1,197.70, then what is the accumulated depreciation on Year 11?(Use 2 decimal places and use a comma when needed, example: 123,456.48.)
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