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A machine with a 5-year estimated useful life and an estimated 10% salvage value was acquired on January 1, Year 1. On December 31, Year
A machine with a 5-year estimated useful life and an estimated 10% salvage value was acquired on January 1, Year 1. On December 31, Year 4, accumulated depreciation using the sum-of-the-years-digits method would be | |
A. | Original cost multiplied by 1/15. |
B. | (Original cost less salvage value) multiplied by 14/15. |
C. | Original cost multiplied by 14/15. |
D. | (Original cost less salvage value) multiplied by 1/15. |
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