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John & Co. purchased an equipment for $54,000 on 1 July 2020. Its Residual Value is...

John & Co. purchased an equipment for $54,000 on 1 July 2020. Its Residual Value is $4,000 and Estimated Useful Life is 5 years. John & Co. uses straight line method of depreciation. What is the accumulated depreciation as at 31 December 2023 ? John & Co. uses a calendar year for accounting purposes.


$33,000


$35,000


$30,000


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