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On July 1, 2020, Uptown Inc. purchases a generator for $100,000 with useful life of 10 years and an estimated residual value of $5,000.
On July 1, 2020, Uptown Inc. purchases a generator for $100,000 with useful life of 10 years and an estimated residual value of $5,000. What would the accumulated depreciation be on 12/31/2026, assuming it uses straight-line method for depreciation? O $65,000 O $38,250 O $61.750 O $66,500
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Accounting Principles
Authors: Jerry Weygandt, Paul Kimmel, Donald Kieso
12th edition
1119132223, 978-1-119-0944, 1118875052, 978-1119132226, 978-1118875056
