Cuso Company purchased equipment on January 1,1995 , at a total invoice cost of ($ 400,000). The
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Cuso Company purchased equipment on January 1,1995 , at a total invoice cost of \(\$ 400,000\). The equipment has an estimated salvage value of \(\$ 10,000\) and an estimated useful life of 5 years. The amount of accumulated depreciation at December 31, 1996, if the straight-line method of depreciation is used is:
a. \(\$ 80,000\).
b. \(\$ 160,000\).
c. \(\$ 78,000\).
d. \(\$ 156,000\).
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Related Book For
Financial Accounting
ISBN: 9780471169208
2nd Edition
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
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