Simon Construction Industries uses the straight-line depreciation method to depreciate its' fixed assets. At the...
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Simon Construction Industries uses the straight-line depreciation method to depreciate its' fixed assets. At the beginning of 2010, the company bought a truck for operations, for $185,000. The company estimated the truck had a useful life of 10 years, with a residual value of $15,000. What is the balance in Accumulated Depreciation for the truck at the end of 2019 (10 years later)? Question options:
a. $15,000
b. $185,000
c. $17,000
d. $170,000
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