Balance in accumulated depreciation

Reference no: EM13259135

On January 1, 2009, Grills and Grates Inc. purchased equipment for $30,000. The company is depreciating the equipment at the rate of $400 per month. At January 31, 2010, the balance in Accumulated Depreciation is

$4,800.

$400.

$24,800.

$5,200.

Reference no: EM13259135

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