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On August 1,20x1, Acme Corp. purchased equipment for $43,469 with an estimated salvage value of $7,619 at the end of its estimated life of 8

On August 1,20x1, Acme Corp. purchased equipment for $43,469 with an estimated salvage value of $7,619 at the end of its estimated life of 8 years. The Accumulated Depreciation on this equipment as of December 31,203 is Round to the nearest penny

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