Freedom Link Inc. purchased a new piece of equipment on January 1, 2020, that cost $50,000....
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Freedom Link Inc. purchased a new piece of equipment on January 1, 2020, that cost $50,000. The estimated useful life is six years, and estimated residual value is $3,600. If Freedom Link uses the straight-line method for depreciation, what is the asset's carrying amount at the end of 2021? (Round your answer to the nearest whole dollar.) A. $30.934 B. $34,534 OC. $37,112 OD. $33,333 ***** Freedom Link Inc. purchased a new piece of equipment on January 1, 2020, that cost $50,000. The estimated useful life is six years, and estimated residual value is $3,600. If Freedom Link uses the straight-line method for depreciation, what is the asset's carrying amount at the end of 2021? (Round your answer to the nearest whole dollar.) A. $30.934 B. $34,534 OC. $37,112 OD. $33,333 *****
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Straight line depriciation Original cost Residual val... View the full answer
Related Book For
Intermediate Accounting Volume 1
ISBN: 978-1119496496
12th Canadian edition
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield, Irene M. Wiecek, Bruce J. McConomy
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