On January 1, 2016, ABC purchased a machine costing $15,000 with an estimated residual value of $3,000
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Question:
On January 1, 2016, ABC purchased a machine costing $15,000 with an estimated residual value of $3,000 and an estimated useful life of four years. The machine is being depreciated on a straight-line basis. What is Accumulated Depreciation on December 31, 2017?
A. $9,000
B. $6,000
C. $7,500
D. $3,000
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