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At the beginning of Year 1, Fryer Co. purchased equipment for $180,000. Fryer Co. estimates that the machinery will have a $36,000 residual value at

At the beginning of Year 1, Fryer Co. purchased equipment for $180,000. Fryer Co. estimates that the machinery will have a $36,000 residual value at the end of its 8-year useful life. The straight-line depreciation method was used.

What is the amount of accumulated depreciation at the end of Year 4?

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