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Your Company purchased a machine for a total cost of $82,000. It was deprecated over 5 years with $2,000 of salvage value. The machine was
Your Company purchased a machine for a total cost of $82,000. It was deprecated over 5 years with $2,000 of salvage value. The machine was sold for $30,000 cash on August 31 of year three. What was accumulated depreciation at the date of sale? Round to the nearest dollar. ENTER YOUR ANSWER WITHOUT DOLLAR SIGNS OR OTHER DISCRIPTIONS.
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