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5 June, 19:08

Mather company purchased equipment on january 1, 2015 at a total invoice cost of $336,000; additional costs of $6,000 for freight and $30,000 for installation were incurred. the equipment has an estimated salvage value of $12,000 and an estimated useful life of five years. the amount of accumulated depreciation at december 31, 2016 if the straight-line method of depreciation is used is:

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  1. 5 June, 19:35
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    Annual rate of depreciation = $360,000/5 years = $72,000 per year
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