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On July 1, 2021, Wholly Crepe purchased a new griddle stove for $16,000. It estimated a useful life of 7 years, along with a $2,000

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On July 1, 2021, Wholly Crepe purchased a new griddle stove for $16,000. It estimated a useful life of 7 years, along with a $2,000 salvage value. If it uses straight-line depreciation--and it has no other fixed assets--its balance in Accumulated Depreciation as of December 31, 2022 would b [Select ] $2,000 $4,000 $14,000 $3,000 $1,000

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