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Wildhorse Co. purchased equipment on January 1, 2016, at a total invoice cost of $1300000....

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Accounting

Wildhorse Co. purchased equipment on January 1, 2016, at a total invoice cost of $1300000. The equipment has an estimated salvage value of $20000 and an estimated useful life of 5 years. What is the amount of accumulated depreciation at December 31, 2017, if the straight-line method of depreciation is used?

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