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The Charleston Company purchases a machine on 1/1/18: Cost Salvage Value Estimated Life Depreciation $24,000...

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Accounting

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The Charleston Company purchases a machine on 1/1/18: Cost Salvage Value Estimated Life Depreciation $24,000 $4,000 8 years Straight-Line The book value at 12/31/20 will be: Select one: a. $14,000 b. $19,000 c. $16,500 d. $15,000 e. $12,500 Given the following data: Purchase Returns Ending Inventory Freight Out Understated Overstated $5 $4 $15 Net Income is: Select one: a. Overstated $24 O b. Understated $6 c. Overstated $16 d. Understated $24 e. Understated $14

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