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Banyan Corp. purchased a plot of land and equipment on October 1st,2021. The land cost $80,000 and the equipment cost $30,000. Banyan plans to use

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Banyan Corp. purchased a plot of land and equipment on October 1st,2021. The land cost $80,000 and the equipment cost $30,000. Banyan plans to use the land for 10 years, and the equipment for 5 . Banyan plans to resell the land for $70,000 and the equipment for $5,000. Using the straight line method, what is the combined accumulated depreciation on December 31st,2023

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