funguy8104 funguy8104

14-03-2024
Computers and Technology

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For the equipment acquired on January 1, 2025, with a cost of $160,000, an estimated salvage value of $8,000, and an estimated useful life of 8 years, what is the accumulated depreciation at the end of the second year using the straight-line method?

A) $40,000
B) $30,000
C) $20,000
D) $16,000

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