A five-year depreciable asset cost $10,000 and had a residual value of $0. What is the balance

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A five-year depreciable asset cost $10,000 and had a residual value of $0. What is the balance of its accumulated depreciation account at the end of two years using straight-line depreciation?
a) $6,000
b) $4,000
c) $5,400
d) $3,600

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Financial Accounting A User Perspective

ISBN: 978-0470676608

6th Canadian Edition

Authors: Robert E Hoskin, Maureen R Fizzell, Donald C Cherry

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Question Posted: Feb 01, 2018 08:11 AM

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A five-year depreciable asset cost $10,000 and had a residual value of $0. What is the balance

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Financial Accounting A User Perspective

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