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Doorglam paid $35,000 for office furniture. The furniture is depreciated using the straight-line method and has an estimated service life of 7 years and no
Doorglam paid $35,000 for office furniture. The furniture is depreciated using the straight-line method and has an estimated service life of 7 years and no residual value. After three years of use, the accumulated depreciation of the furniture will be:
A) $15,000.
B) $20,000.
C) $30,000.
D) $35,000.
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