A Company Purchased Medical Equipment for $130,000 on January 1,2018

question 104

Multiple Choice

A company purchased medical equipment for $130,000 on January 1,2018.The company determined that the yearly depreciation expense is $13,000.What will be the ending balance in the Accumulated Depreciation-Medical Equipment at December 31,2020?

• A)$13,000
• B)$39,000
• C)$78,000
• D)$130,000

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