medium · Financial Accounting assets
At the end of year 5, a company sells a machine for $10,000. The machine cost $50,000, had an estimated life of 8 years, and a salvage value of $2,000. The company uses straight-line depreciation.
What is the accumulated depreciation at the time of sale?
- $31,250
- $20,000
- $30,000
- $18,750
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