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Sheffield Company purchased equipment on January 1, 2018, at a total invoice cost of $1340000. The equipment has an estimated salvage value of $32000 and

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Sheffield Company purchased equipment on January 1, 2018, at a total invoice cost of $1340000. The equipment has an estimated salvage value of $32000 and an estimated useful life of 5 years. What is the amount of accumulated depreciation at December 31, 2019, if the straight-line method of depreciation is used? $536000 O $268000 $523200 O $261600

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