Calculate the accumulated depreciation at the end of year


A forklift purchased by Miner Corporation is expected to last 7 years. The purchase price was $23,800. Shipping costs were $266 and initial setup charges were $393. The trade-in value is $2,204. Using the straight-line depreciation method, calculate the accumulated depreciation at the end of year 3.

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Accounting Basics: Calculate the accumulated depreciation at the end of year
Reference No:- TGS02549783

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