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Fixed Asset Details: Asset Purchase Price Accumulated Depreciation Book Value Equipment A $50,000 $10,000 $40,000 Furniture $20,000 $5,000 $15,000 Analyze the fixed asset details and

Fixed Asset Details:

AssetPurchase PriceAccumulated DepreciationBook Value
Equipment A$50,000$10,000$40,000
Furniture$20,000$5,000$15,000
Analyze the fixed asset details and discuss the depreciation method used.                  

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