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Adjusting Entries: Depreciation
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Adjusting Entries: Depreciation
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3. Accrual Accounting Concepts / Adjusting Entries: Depreciation / Problem 4
Problem 4
A machine was purchased for \$80,000 and has accumulated depreciation of \$20,000. What is the net book value of the machine?
A
\$80,000
B
\$100,000
C
\$60,000
D
\$20,000
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