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Maverick Industries purchased equipment on July 1,2023 for $35,000. The equipment is estimated to have a $3,750 salvage value at the end of its 5

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Maverick Industries purchased equipment on July 1,2023 for $35,000. The equipment is estimated to have a $3,750 salvage value at the end of its 5 -year life. The company uses straight-line method of depreciation. What is the balance in accumulated depreciation at 12/31/26

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