On January 1, 2011, Masters and Masters Company Purchased Equipment $€ 30,000$

Multiple Choice

on January 1, 2011, 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 31,2011 is

A) $€ 0$ .
B) $€ 8,400$ .
C) $€ 21,600$ .
D) $€ 30,000$ .