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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? $66,500 $61,750 O $65,000 $38,250

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