Multiple Choice
On January 1, 2011, Grills and Grates Inc.purchased equipment for $45,000.The company is depreciating the equipment at the rate of $600 per month.At January 31, 2012, the balance in Accumulated Depreciation is
A) $600.
B) $7,200.
C) $7,800.
D) $37,200.
Correct Answer:
Verified
Correct Answer:
Verified
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