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Suppose the company purchases the following asset: - Cost =$20,000($18,000+$2,000 for shipping and install) - Residual value =$5,000 (estimated selling price in 5 years). -

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Suppose the company purchases the following asset: - Cost =$20,000($18,000+$2,000 for shipping and install) - Residual value =$5,000 (estimated selling price in 5 years). - Expected useful life =5 years - What is the amount of accumulated depreciation expense in year 3 ? Assume Straight-line method

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