Question: * * * * Riverside Restaurant bought a new walk - in refrigerator for $ 3 8 , 0 0 0 . It has an

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Riverside Restaurant bought a new walk-in refrigerator for $38,000. It has an estimated useful life of 12 years and a residual value of $3,500. Using straight-line depreciation, calculate the balance in the accumulated depreciation account at the end of the second year.

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