Multiple Choice
On January 1, 2010, Masters and Masters Company purchased equipment for $30,000. The company is depreciating the equipment at the rate of $700 per month. The book value of the equipment at December 31, 2010 is
A) $0.
B) $8,400.
C) $21,600.
D) $30,000.
Correct Answer:
Verified
Correct Answer:
Verified
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