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On August 1, 20x1, Acme Corp. purchased equipment for $42,202 with an estimated salvage value of $7,780 at the end of its estimated life

On August 1, 20x1, Acme Corp. purchased equipment for $42,202 with an estimated salvage value of $7,780 at the end of its estimated life of 9 years. The Accumulated Depreciation on this equipment as of December 31, 20x3 is Round to the nearest penny.

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