Equipment was purchased for $50,000, residual value is $2,000 and it is expected that the useful life is 10 years. What is the amount in the Accumulated Depreciation account after 3 years assuming straight-line depreciation? $ ________
What will be an ideal response?
Answer: $5,400 [$1,800 × 3 = $5,400]
Business
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A) ready-to-eat meals B) raw fruits and vegetables C) raw seafood D) meat and poultry products
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Inventory for CEE in 2013 was ________. (See Table 3.1)
A) $36,667 B) $32,448 C) $27,500 D) $ 9,167
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