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The Price of a Laser Printer Purchased by Paul's Printers

Question 32

Multiple Choice

The price of a laser printer purchased by Paul's Printers and Office Supplies was $713. It cost $27 for delivery. The salvage value at the end of a 5-year life is $65. Prepare a depreciation schedule using the sum-of-the-year's method, then enter the accumulated depreciation at the end of year 4 as your answer.


A) $592
B) $630
C) $668
D) $496

Correct Answer:

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