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Question 15 5 pts A manufacturing firm purchased used equipment for $135,000. The original owners estimated that the residual value of the equipment was $10,000.
Question 15 5 pts A manufacturing firm purchased used equipment for $135,000. The original owners estimated that the residual value of the equipment was $10,000. The carrying amount of the equipment was $120,000 when ownership transferred. The new owners estimate that the expected remaining useful life of the equipment is 10 years, with a salvage value of $15.000. What amount represents the depreciable base used by the new owners? $125,000 O $105,000 O $120.000 O $110,000
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