Martin Company paid $900,000 for equipment.Martin uses straight-line depreciation.Currently the Accumulated Depreciation account shows a balance of $180,000.If the asset has no residual value and an estimated life of 10 years,how many years has the asset been depreciated? (Round your final answer to the nearest year. )
A) 5
B) 3
C) 2
D) 10
Correct Answer:
Verified
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