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On January 4, 2023, Mary's Cafe acquired equipment for $300,000. The estimated life of the equipment is 8 years or 60,000 hours. The estimated residual

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On January 4, 2023, Mary's Cafe acquired equipment for $300,000. The estimated life of the equipment is 8 years or 60,000 hours. The estimated residual value is $20,000. What is the balance in the Accumulated Depreciation account at December 31, 2024 if the straight-line method is used? OA. $70,000 B. $37,500 C. $35,000 D. $20,000

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