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The following normal balances appear on the adjusted trial balance Equipment $75,000 Accumulated depreciation $15,000 Depreciation expense $5,000 The amount that would be expensed on

The following normal balances appear on the adjusted trial balance

Equipment $75,000

Accumulated depreciation $15,000

Depreciation expense $5,000

The amount that would be expensed on the income statement for the current year is:

a. $75,000

b.$70,000

c. $5,000

d. $60,000

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