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here is the problem: climbing equipment is depreciated using the accelerated depreciation method at a rate of 20% (the only acquisition of the year was
here is the problem: "climbing equipment is depreciated using the accelerated depreciation method at a rate of 20% (the only acquisition of the year was made on 2020-12-15 for an amount of 2937.86) now here is some context, it is 2020-12-31, on the sheet climbing equipment id debited for 17,937.86 and accumulated depreciation is credited for 4875.00, I know the final answer is credit accumulated depreciation by 3048.96 but i am unsure of how they got that answer, please show how
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