De depreciation?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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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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