Question: Computing Partial Period, Sum-of-the-Years-Digits Depreciation A machine with a five-year estimated useful life and an estimated 10% salvage value was acquired on April 30, 2019,

Computing Partial Period, Sum-of-the-Years-Digits Depreciation

A machine with a five-year estimated useful life and an estimated 10% salvage value was acquired on April 30, 2019, for $56,000. On December 31, 2020, what is the balance of accumulated depreciation on this asset, assuming the use of the sum-of-the-years-digits depreciation method?

Carry all decimals in calculations; round the final answer to the nearest dollar.

Accumulated depreciation on December 31, 2020:

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