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Question 9 1 Point Equipment was purchased for $85,000 on January 1, 2016. It is estimated that the equipment will have a $15,000 residual value

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Question 9 1 Point Equipment was purchased for $85,000 on January 1, 2016. It is estimated that the equipment will have a $15,000 residual value at the end of its 5-year useful life, what is the amount of accumulated depreciation at December 31, 2017, if the straight-line method of depreciation is used? A $14,300 B $16,700 $28,600 $28,000

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