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Mathematics, 21.02.2020 01:00, oscard1627
Spiro Corp. uses the sum-of-the-years' digits method to depreciate equipment purchased in January 20X3 for $20,000. The estimated salvage value of the equipment is $2,000, and the estimated useful life is four years.
What should Spiro report as the asset's carrying amount as of December 31, 20X5?
a) $1,800
b) $2,000
c) $3,800
d) $4,500
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Answers: 1
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