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On January 1, 2009, SK Company pays $205,000 cash for factory equipment that has an estimated useful life of 10 years and an expected residual

On January 1, 2009, SK Company pays $205,000 cash for factory equipment that has an estimated useful life of 10 years and an expected residual value of $5,000. Calculate the amount of accumulated depreciation at December 31, 2010.

$40,000

$165,000

$205,000

$38,000

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