On January 1, the balance in accumulated depreciation is $28,000. During the current year, depreciation expense is $10,000 and equipment with a cost of $9,000 was sold for $3,000 at a loss of $1,000. Calculate the December 31 balance in accumulated depreciation.

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The Answer of On January 1, the balance in accumulated depreciation is $28,000. During the current year, depreciation expense is $10,000 and equipment with a cost of $9,000 was sold for $3,000 at a loss of $1,000. Calculate the December 31 balance in accumulated depreciation.

On January 1, the Balance in Accumulated Depreciation Is $28,000