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Sagamore Co. purchased a machine on January 1, 2010 for $50,000. The residual value is zero and the estimated useful life is 5 years. Sagamore
Sagamore Co. purchased a machine on January 1, 2010 for $50,000. The residual value is zero and the estimated useful life is 5 years. Sagamore uses straight-line depreciation. On January 1, 2013, Sagamore took impairment on this machine and wrote it down to $15,000. What is the balance of accumulated depreciation for this machine at the end of 2013?
Question 19 options:
$35,000
$30,000
$40,000
$42,500
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