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Equipment appears on the balance sheet at a cost of $28,500 with accumulated depreciation of $14,100. The salvage value was estimated at $5,000, the useful
Equipment appears on the balance sheet at a cost of $28,500 with accumulated depreciation of $14,100. The salvage value was estimated at $5,000, the useful life was estimated at five years, and the straight-line method of depreciation is used. determine the age of each asset in either years or units, whichever is appropriate
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