A Slide Projector Purchased by Cobin Industries Is Expected to Last

question 35

Multiple Choice

A slide projector purchased by Cobin Industries is expected to last 7 years. The purchase price was $13,780. The trade-in value is $2,300. Using the sum-of-the-years' digits depreciation method, calculate the accumulated depreciation at the end of year 3.

• A) $4,921.43
• B) $7,380.00
• C) $8,858.57
• D) $6,400.00

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