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Rani & Co. purchased an equipment for $84,000 on 1 January 2020. Its Residual Value is $4,000 and Estimated Useful Life is 10 years. Rani

Rani & Co. purchased an equipment for $84,000 on 1 January 2020. Its Residual Value is $4,000 and Estimated Useful Life is 10 years. Rani & Co. uses straight line method of depreciation. What is accumulated depreciation as at 31 December 2023 ? Rani uses calendar year accounting period.

Cannot answer

$36,333

$32,000

$40,000

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