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Tomm Tomm
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7 years ago
Chance stables purchased a new baler as their annual equipment purchase. The baler was purchased for $10,000 down and a $50,000 note with an estimated life of 8 years. The baler will be worthless at the end of its life. The annual amount of depreciation on this equipment is:
A) $7,500
B) $6,250
C) $10,000
D) $50,000
Textbook 
Financial Accounting, Canadian Edition

Financial Accounting, Canadian Edition


Edition: 5th
Authors:
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TheSinTheSin
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7 years ago
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