On January 1, 2009, Grills and Grates Inc. purchased equipment for $30,000. The company is depreciating the equipment at the rate of $400 per month. At January 31, 2010, the balance in Accumulated Depreciation is
A) $400.
B) $4,800.
C) $5,200.
D) $24,800.
Correct Answer:
Verified
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