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25-07-2020
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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.)

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25-07-2020

Answer:

2 years

Explanation:

900,000/10=90,000

180,000/90,000=2

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