Book vaule of the equipment

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Reference no: EM13125077

On January 1, 2010 M. Johnson Company purchased equipment for $30,000. The company is depreciating the equipment at the rate of $500 per month. The book vaule of the equipment at December is?

a.) $0

b.) $6,000

c.) $24,000

d.) $30,000

Reference no: EM13125077

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