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ABC Company purchased a building on January 1, 2025 at a cost of $230,000. ABC estimated that the building would have a useful life
ABC Company purchased a building on January 1, 2025 at a cost of $230,000. ABC estimated that the building would have a useful life of 10 years and a residual value of $10,000. Assuming ABC Company employs the sum-of-the-years'-digits depreciation method and the balance in the accumulated depreciation account is $136,000, how long has this building been in use? D. E. AECDE A. 5 years B. 4 years C. 3 years 2 years unable to determine from the information given 6
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