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Daniel [21]
3 years ago
10

On January 1, Year 1, Parker Company purchased an asset costing $20,000. The asset had an expected five-year life and a $2,000 s

alvage value. The company uses the straight-line method. What are the amounts of depreciation expense and accumulated depreciation, respectively, that will be reported in the Year 2 financial statements
Business
1 answer:
SOVA2 [1]3 years ago
3 0

Answer:

3600

7200

Explanation:

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