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Sagamore Co. purchased a machine on January 1, 2010 for $50,000. The residual value is...

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Accounting

Sagamore Co. purchased a machine on January 1, 2010 for $50,000. The residual value is zero and the estimated useful life is 5 years. Sagamore uses straight-line depreciation. On January 1, 2013, Sagamore took impairment on this machine and wrote it down to $15,000. What is the balance of accumulated depreciation for this machine at the end of 2013?

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