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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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