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stellarik [79]
3 years ago
7

Mather company purchased equipment on january 1, 2015 at a total invoice cost of $336,000; additional costs of $6,000 for freigh

t and $30,000 for installation were incurred. the equipment has an estimated salvage value of $12,000 and an estimated useful life of five years. the amount of accumulated depreciation at december 31, 2016 if the straight-line method of depreciation is used is:
Business
1 answer:
Olenka [21]3 years ago
4 0

Annual rate of depreciation = $360,000/5 years = $72,000 per year  

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