An asset purchased by a corporation for 15000 on 01011997, Ask an Expert

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An asset purchased by A Corporation for $15,000 ON 01/01/1997 also incurred freight charges of $200 and installation cost of $1,000.The asset had a life expectancy of eight years and a salvage value of $2,800. What are the accumulated straight-line depreciation and book value on 01/01/2000?

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Accounting Basics, Accounting

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