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ABC Company purchased equipment on January 1, 2016 for $30,000 with no salvage value and 5 years useful life. The company decided to retire the
ABC Company purchased equipment on January 1, 2016 for $30,000 with no salvage value and 5 years useful life. The company decided to retire the equipment on May 1, 2020. Compute the amount of: Annual Depreciation Expense: O $4,050 $4,500 O $5,400 O $6,000 Depreciation Expense of the Year 2019: 0 $4,050 O $4,500 O $5,400 O $6,000 Depreciation Expense of the Year 2020: O $1,500 O $2,000 O $2,500 O None of the above Accumulated Depreciation at disposal date: O $24,000 O $25,500 O $27,000 O None of the above Book Value at disposal date: * O $6,000 O $4,500 O $4,000 O Zero Loss on Disposal: O $6,000 O $4,500 O $4,000 O Zero
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