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Sandhill Co. purchased equipment on January 1, 2021 at a total invoice cost of $1100000. The equipment has an estimated salvage value of $35000 and

Sandhill Co. purchased equipment on January 1, 2021 at a total invoice cost of $1100000. The equipment has an estimated salvage value of $35000 and an estimated useful life of 4 years. What is the amount of accumulated depreciation at December 31, 2022 if the straight-line method of depreciation is used?

$532500.

$550000.

$266250.

$275000.

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