On January 1, 2013, M. Johanson Company purchased equipment for $36,000. The company is depreciating the equipment at the rate of $500 per month. The book value of the equipment at December 31, 2013 is:
A) $0.
B) $6,000.
C) $30,000.
D) $36,000.
Correct Answer:
Verified
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