Question: Current Attempt in Progress Your answer is incorrect. On July 1 , 2 0 2 3 , Sheffield Co . purchased some equipment that initially

Current Attempt in Progress
Your answer is incorrect.
On July 1,2023, Sheffield Co. purchased some equipment that initially cost $52700. Additional costs included freight costs $400, nonrefundable taxes $6100, and installation $700. Estimated residual value is $1500. The company uses a straight-line rate of 10%.
Sheffield's fiscal year end is June 30. Accumulated depreciation at the fiscal year end of 2026 is
$17670.
$17550.
$17520.
$18120.
Current Attempt in Progress Your answer is incorrect. On July 1,2023,

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