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The cost of a carpentry tool that was purchased for $540 has an estimated useful life of ten years and a trade-in value of $50.
The cost of a carpentry tool that was purchased for $540 has an estimated useful life of ten years and a trade-in value of $50. Use the straight line method to find the total accumulated depreciation charges for the ten years.
a.
$710
b.
$640
c.
$500
d.
$490
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