Question: Use the following asset information to answer the question below Purchase price $85,000 Salvage Value $25,000 Estimated life 5years Estimated total units 50,000 actual units

Use the following asset information to answer the question below

Purchase price $85,000

Salvage Value $25,000

Estimated life 5years

Estimated total units 50,000

actual units year 1 10,500 units

actual units year 2 11000units

Assume the straight-line method is used, and the asset was purchased on January 1, 2021. What will be the balance in the accumulated depreciation account at the end of Year 2, on December 31,22?

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