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Freedom Link Inc. purchased a new piece of equipment on January 1, 2020, that cost $50,000. The estimated useful life is six years, and estimated
Freedom Link Inc. purchased a new piece of equipment on January 1, 2020, that cost $50,000. The estimated useful life is six years, and estimated residual value is $3,600 If Freedom Link uses the straight-line method for depreciation, what is the asset's carrying amount at the end of 2021? (Round your answer to the nearest whole dollar.) O A. $30,934 B. $34,534 OC. $37.112 D. $33,333
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