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De depreciation?

De depreciation?

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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On January 1, 2020, BJK Cempany acquired a machine for $400.000, The estimated useful life of the machine is five years. Residual value at the end of five years is estimated to be $50,000. What is the accumulated depreciation amount for the machine at the end of 2022 (end of third year) if the company uses the straight-line method of depreciation? A)$ 190,000 050 B) $ 140.000 C)$210,000 D)$ 70,000 E)$ 300,000
Transcribed Image Text:On January 1, 2020, BJK Cempany acquired a machine for $400.000, The estimated useful life of the machine is five years. Residual value at the end of five years is estimated to be $50,000. What is the accumulated depreciation amount for the machine at the end of 2022 (end of third year) if the company uses the straight-line method of depreciation? A)$ 190,000 050 B) $ 140.000 C)$210,000 D)$ 70,000 E)$ 300,000
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