On January 1, 2015, Superfuzz Company purchased equipment for $40,000. The company is depreciating the equipment at the rate of $800 per month. The book value of the equipment at December 31, 2015 is

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The equipment was depreciated for 12 months at a rate of $800 per month, so the accumulated depreciation is $9,600 ($800 x 12). To find the book value, we subtract the accumulated depreciation from the original cost: $40,000 - $9,600 = $30,400. Therefore, the book value of the equipment at December 31, 2015 is $30,400.

On January 1, 2015, Superfuzz Company Purchased Equipment for $40,000