On January 1, 2013, Leardon Inc. purchased equipment for $60,000. The company is depreciating the equipment at the rate of $800 per month. At January 31, 2014, the balance in Accumulated Depreciation is:
A) $800 debit.
B) $9,600 credit.
C) $10,400 credit.
D) $53,200 debit.
Correct Answer:
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