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ABC Corporation has the following information regarding a piece of manufacturing equipment that was purchased on January 1, 2017 Cost of the equipment = $1,200,000

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ABC Corporation has the following information regarding a piece of manufacturing equipment that was purchased on January 1, 2017 Cost of the equipment = $1,200,000 Estimated residual value - 5210,000 Useful life - 7 years Total productive capacity - 1,850,000 units Estimated production in 2017 - 150,000 units Estimated annual production in 2018 and 2019 - 250,000 units per year Estimated annual production last 4 years - 300,000 units per year What is the carrying amount of the equipment at December 31, 2020 if the company uses the straight line method of depreciation? 3 a $141,429 b. 5492,857 c. 5514,286 d $634,286 0.5775714

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