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Rolling Stones purchases equipment with a cost of 100,000, an estimated residual value of 10,000, and an estimated useful life of 10 years on July
Rolling Stones purchases equipment with a cost of 100,000, an estimated residual value of 10,000, and an estimated useful life of 10 years on July 1, 2020. If the company uses straight-line depreciation and has a December 31 year end, what is the accumulated depreciation on December 31, 2021?
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