10. ABC Company acquired a factory building, equipment, and machinery on January 1, 20X0. The cost of each asset acquired and other relevant information are as follows: Building – 4,200,000

10. ABC Company acquired a factory building, equipment, and machinery on January 1, 20X0. The cost of each asset acquired and other relevant information are as follows: Building – 4,200,000 cost; 200,000 residual value; 20 years useful life; Sum-of-the-years digit depreciation method. Equipment – 1,650,000 cost; 50,000 residual value; 8 years useful life; Double declining balance depreciation method. Machinery – 900,000 cost – 5 years useful life – Service hours method depreciation method. The service hours of the machine each year from the year of acquisition are 5,000; 4,000; 3,000; 2,000; and 1,000, respectively. is the accumulated depreciation balance at the end of 20X1?

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